Islamabad: According to news reports, the Qatar Investment Authority (QIA) and its advisor JP Morgan announced their intention to participate in the Haveli Bahadur Shah and Balloki RLNG power projects on Monday (November 08). In this context, a high-level team met with Mohammad Mian Soomro, the Federal Minister for Privatization.
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According to sources, the delegate mentioned QIA’s interest in the operations of power plants owned and controlled by the National Power Parks Management Company (NPPMCL) that use RLNG-based combined cycle H9 technology.
He also informed the delegate that the privatisation plan had been accepted by the council of common interest (CCI), and that the project will be referred to the Executive Committee of the National Economic Council (ECNEC) for final approval and costing. Furthermore, the commission is collaborating with the Punjab government on land use concerns to make the project more enticing to investors.
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It’s worth noting that the government has approved the start of the privatisation process for government firms that are losing money. In April 2020, the government received 12 pre-qualification offers from various private firms for the privatisation of RLNG plants.
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