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Privatisation Commission has received six (6) Expressions of Interest (EOI)
from global firms to act as adviser on the long-term lease of Jamshoro Power
Company Limited (JPCL). The firms include, 1.JP Morgan Securities Asia Private
Limited, 2. NM Rothschild & Sons with Abacus Consulting, 3. Citigroup, 4.
Merrill Lynch with KASB, 5. AF Ferguson & Company and 6. Delphos International
Washington DC with Siemens Energy Inc.
The interested firms are required to send in their completed Request For
Proposal (RFP) packages by July 4, 2009. Privatisation Commission aims to
finalize the selection of financial advisory consortium by mid July 2009. The
selection will be followed by immediate mobilization of the advisor on the
JPCL lease transaction. It is hoped that the financial closure for JPCL lease
will be achieved in the first quarter of 2010.
Such strong interest in advising Privatisation Commission, Government of
Pakistan by global firms on the proposed lease transaction of JPCL indicates a
revival of confidence as regards to the privatisation program in the light of
the new Privatisation Policy.