National Power Construction Corporation

Company OVERVIEW

National Power Construction Corporation (Private) Limited (“NPCC“ or the “Company”) was incorporated in Pakistan in 1974 and is engaged in the execution of power engineering projects on a turn-key basis. The Company’s areas of expertise include survey, design, procurement of material, installation, erection, testing and commissioning of:

• Extra high voltage transmission lines
• Cable networks
• LV distribution network
• Substations
• Power generation plants,
• Industrial electrification
• External lighting of housing complexes

The Company is pre-qualified for executing contracts in Pakistan, Kingdom of Saudi Arabia (“KSA”), Kuwait, U.A.E, Qatar, Yemen, Malaysia, Jordan, Syria & Indonesia. It is also one of the 12 contracting companies which are pre-qualified for executing Extra High Voltage transmission line contracts in the KSA.

While NPCC has completed several in Pakistan the main source of NPCC’s business is the KSA where it has completed contracts worth over USD 650mn during the last three decades. Operations in the KSA and the Middle East are carried out by NPCC’s Branch Office in the KSA, established as NPCC Limited (Pakistan), under the Foreign Capital Investment Regulations.

NPCC has a team of highly motivated and experienced team of managers, engineers and skilled technicians who have proven their ability to undertake the most difficult tasks and execute them within the in a timely manner for over 3 decades. 

CORPORATE STRUCTURE

NPCC is a state owned enterprise with the Ministry of Water and Power having a minimum 88% ownership while the remaining is held by the NPCC Employees Empowerment Trust under the Benazir Employees Stock Option Scheme.

The Company is managed by a Board of Directors comprising the officials of the Ministry of Water and Power, the Ministry of Finance and the Managing Director of NPCC.

PERFORMANCE RECORD

NPCC has established itself as a leading contracting company by executing some of the largest projects in Pakistan which included electrification of Salinity Control and Reclamation Project tube wells, 132 KV substations and transmission lines, gas turbine power plants and industrial and rural electrification. The value of all projects completed in Pakistan exceeds PKR 150mn.

Having developed a strong base in Pakistan, NPCC expanded its operations into the Middle East market. In 1977, NPCC was awarded its first international project in the KSA. Since then, NPCC has completed over 40 projects in the KSA including one of the largest central electrification schemes and the largest rural distribution projects ever undertaken.

In 1989, NPCC also joined the elite club of international constructors who are credited with turnkey execution of extra high voltage transmission lines with the award of the prestigious 280km long, 380kV transmission line, connecting Madinah-Al-Munawarah with Rabigh on the Red Sea coast of the KSA. The Contract was worth US$140 million and was successfully completed and commissioned in 1992.

NPCC also has the distinction of being amongst the few contracting companies that participated in the rehabilitation of power network in and around Kuwait city in early 1991. The work involved emergency repairs and erecting 300kV and 132kV transmission lines and was carried out in difficult post-war conditions.

Currently, NPCC is focused on the KSA power sector, where it has completed projects worth over US$650 million to date. KSA offers great potential in the power construction segment as the Saudi government continues to undertake large scale industrial and housing projects resulting in an increase in demand for electricity. As of May 2011, NPCC had the following projects under execution:

Project

Cost (PKR mn)

Completion

110kV OHTL between Shoaiba and Jeddah

558

2011

Re-Conducting of existing 110kV D/C OHTL between existing Wadi Jaleel substation and Al-Moaisam on existing latticed steel structures

180

2011

Replacement of Tower 9 of 110kV Madinah – Khyber OHTL

11

2011

110kV OHTL between Madina East BSP and Gantry Structure for Bani Al-Najar Substation

348

2012

110kV OHTL for Knowledge Economic City, Madina

370

2012

110kV OHTL at Madina

1,354

2012

Installation of 110/33/13.8kV OHTL for Hanakiyah Substation

1,714

2012

TOTAL

4,535

 

Having built a strong and experienced team and established its reputation as a skilled contractor with the ability to tackle difficult projects, NPCC intends to utilize its skills to extend its operations in the Far East and African countries

LIST OF MAJOR CLIENTS

1. Saudi Arabia: Saudi Electric Company
2. Saudi Arabia: Ministry of Municipal & Rural Affairs Contract
3. Saudi Arabia: China Railway Construction Corp
4. Saudi Arabia: Saudi Aramco
5. Kuwait: Ministry of Electricity & Water, Kuwait City
6. U.A.E: Abu Dhabi Water & Electricity Authority, Abu Dhabi
7. Syria: Public Establishment of Electricity for Generation & Transmission, Damascus
8. Malaysia: Tenaga Nasional Berhad, Kuala Lumpur
9. Indonesia: PT.PLN (Persero), Jakarta
10. Philippines: National Power Corporation, Manila
11. Qatar: Qatar General Electricity & Water Corporation
12. Yemen: Public Electricity Corporation

iso CERTIFICATION

NPCC has acquired ISO 9001:2000 certification, a prerequisite these days to participate in many Power Utilities – qualifications and is only enjoyed by select construction companies.

PRIVATISATION OF NPCC

The Privatisation Commission (“PC”) intends to privatize NPCC through sale of shares to financially sound local and foreign investors having management capabilities. Expression of Interests (“EOI”) have been invited from local and foreign parties interested in the transaction through advertisements in the national and international newspapers. For further information you may contact on the below mentioned address:

Key Contacts

q      Mrs. Tahira Zia
Director General (MNR&P)
Privatisation Commission
5-A Constitution Avenue
EAC Building
Islamabad – Pakistan
Telephone: (92-51) 922 2243 Facsimile : (92-51) 920 3076,
                 (92-51) 921 1692
Email: info@privatisation.gov.pk

q       Mr. Shahid Raza
Transaction Manager
Privatisation Commission
5-A Constitution Avenue
EAC Building
Islamabad – Pakistan
Telephone: (92-51) 921 7973
Facsimile : (92-51) 920 3076
                 (92-51) 921 1692
Email:shahidraza@privatisation.gov.pk

q      Mr. Khaqan Saadullah Khan, CFA Head of Investment Banking
KASB Bank Limited
5th Floor, Trade Center
I.I. Chundrigar Road
Karachi, Pakistan
Telephone: (92-21) 32643669                  (92-308) 2220564 Facsimile : (92-21)32211853   
Email: khaqan.khan@kasb.com