PC RECEIVES SEVEN EOIs FOR THERMAL POWER STATIONS

The Privatisation Commission (PC) has received seven (7) Expressions of Interests (EOIs) from prospective investors, companies or consortia for 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 investors are required to rehabilitate the generation facilities to their ‘name-plate-rated’ capacity.
PC had invited Expressions of Interests (EOI) from Companies and consortia having demonstrable experience for rehabilitation, management, operation and maintenance of Thermal Power Station (TPS) at Jamshoro & Kotri of the JPCL on lease basis.
The seven- (7) parties/ consortia are with the companies from Kuwait, Korea,
Europe, USA, China and Pakistan have submitted their EOIs along with the non-refundable processing fee of US$ 5,000/- equivalent to Pak Rupees 400,000/-. These parties’ consortia include:
ENGRO POWERGEN (Pvt.) Ltd., Karachi, Pakistan, 2. Noor Financial Investment, Kuwait, 3. Pak Elektron Limited (PEL), Lahore, Pakistan, 4. Consortium of (i) Korea East – West Power Co. Ltd. (EWP) (ii) LG International Corp. (LGI), Korea, 5. Consortium of (i) Sapphire Group, (ii) O & M Solution (OMS), Lahore, Pakistan, 6. Consortium of (i) New Park Energy Limited (NPEL), (ii) PILZEN Tools (previously SKODA Tools), Europe, (iii) Phoenix Zeppelin Caterpillar, Europe and 7. Consortium of (i) Pakistan Power Resources LLC, Lahore, Pakistan, (ii) Walters Power International (WPI), Oklahoma city USA, (iii) China National Machinery & Equipment Import & Export Corporation (CMEC), China, (iv) Korea Plant Services & Engineering Co. Ltd. (KPS), Korea.
These parties will be provided Preliminary Information Memorandum (PIM) and Request for Statement of Qualification (RSOQ) for determining their pre-qualification to proceed further. 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. 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.
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.