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The Privatisation Commission (PC) has invited Expressions of Interests (EOIs)
from prospective investors, companies or consortia having net worth of US $
100 million, demonstrable experience in management, rehabilitation, operation
and maintenance of power generation facilities for concession on “lease basis”
of the facilities and assets of JAMSHORO POWER COMPANY LIMITED (JPCL) for a
period of 15 years. The prospective investor will be required to rehabilitate
the generation facilities to their ‘name-plate-rated’ capacity.
All parties submitting EOIs will be provided Preliminary Information
Memorandum (PIM) and Request for Statement of Qualification (RSOQ). Facilities
of JPCL shall not be used for any other purposes other than power generation
and the investor shall ensure the continuity of power supply to the national
grid.
The RSOQ will, inter-alia, include details on eligibility criteria and bases
of disqualification. The Privatisation Commission will provide updated
information relating to terms and conditions of the ‘lease’ to all investors
qualified in terms of the Privatisation Commission’s RSOQ, prior to the bid
date.
JPCL is a company of Pakistan Electric Power Company Limited (PEPCO) under the
administrative control of Ministry of Water & Power. Jamshoro Power Company
Limited (JPCL) operates two electricity generation facilities. Jamshoro is a
880 MW gas & furnace oil fired power plant comprising of four units located at
165 KM north east of Karachi and 18 KM from Hyderabad. The Kotri facilities
comprising seven units has 174 MW capacity are gas fired and are in the
vicinity of Hyderabad. The company has sales of about Rs.22 billion and has
total assets of Rs.17.8 billion.
The potential parties have been asked to submit their EOIs (in duplicate)
along with a non-refundable processing fee of US$ 2,000 or PKR 160,000 by
Saturday, March 25, 2009. The EOI should also provide name of company, nature
of business, experience of power generation, O&M and other background
information along with copies of constitutive documents, evidence of financial
soundness supported by audited financial statements, duly certified by a firm
of Chartered Accountants, for the latest financial year, list of director(s)
and other required details.