February 11, 2020
The delegation from Mitsui & Co., (Asia Pacific) Ltd. Japan, led by GM Hisato Nakayama (Energy department.) called on Federal Minister/Chairman Privatization Mohammedmian Soomro here in Islamabad today.
Ministry of Privatization has prequalified 12 companies for the Privatization of two RLNG based power plants located at HaveliBahadarsha and Balloki. The delegation was briefed about the power plants and their existing and future status and current efficiency level as well.
Mitsui & Co., Ltd. is one of the largest general trading companies in Japan; it is part of the Mitsui Group, and Its business area covers energy, machinery, chemicals, food, textile, logistics, finance, and more. It is renowned power company that is internationally recognized for innovation and sustainability.
The Japanese company delegation was briefed about the current efficiency status, power sector framework, organizational functioning, and prevailing energy scenario.
On a question it was briefed by the Federal Minister that one window facility arrangement exists for all independent power producers in the country and the same will continue post privatization, the foreign investors are assisted and will be assisted in matters including dividends, taxation and other related subjects. Moreover all the information including bidding guidelines are also available in the virtual data room of NPPMCL.
GM Mitsui and Co Asia Pacific, Hisato Nakayama, said that their company has started due diligence and quite eager to participate in the process of final bidding of these two power plants.