PC INVITES EOI FOR APPOINTMENT OF FINANCIAL ADVISOR FOR LEASE OF JAMSHORO POWER COMPANY

Islamabad, May 30, 2009

The Privatisation Commission has invited Expressions of Interest (EOIs) from global firms with substantial Mergers & Acqusitions (M&A) advisory experience in the utilities sphere to act as Financial Advisor (FA) for evaluating the privatisation potential of JPCL and to lead its long term lease process. The government intends to lease out Jamshoro Power Company Limited (JPCL). JPCL has a power generation capacity of 1054 MW. The FA will be required to lead a consortium comprising reputable technical firm, law firm and accounting/ tax firm.

The potential firms have been asked to submit their EOIs accompanied by a non refundable processing fee of US$ 2000/- in the form of a bank draft or pay order latest by date June 13, 2009. Interested parties are advised to submit EOIs as soon as possible. The Request for Proposal (RFP) package inviting Technical and Financial proposals would be dispatched/ emailed immediately, upon receipt of EOIs while the last date for submission of technical and financial proposals in separately marked envelopes is July 4, 2009.