Privatisation Commission inks agreement with KASB Bank consortia for privatization of National Power Construction Company

ISLAMABAD: Privatisation Commission (PC) has entered into an agreement with Consortia of KASB Bank for Financial Advisory Services (FAS), on Saturday, to conduct the privatisation of National Power Construction Company (NPCC) transaction.

The Financial Advisory consortium comprising the KASB Bank as consortium lead member along with M/s Mohsin Tayebaly and Company (Legal Consultants), M/s Riaz Ahmed & Company Chartered Accountants (Accounting and Tax Consultants) and M/s BARQAAB Consulting Services (Pvt.) Ltd (Technical Consultants).

Secretary Privatisation Commission Imtiaz Hussain Kazi signed the agreement with KASB Bank. It is planned to bring NPCC to a point of sale in the shortest possible time frame without compromising transparency and efficiency of the transaction. National Power Construction Company (NPCC) transaction is being progressed on fast track basis for completion within the given timeframe of four months.

NPCC currently rated amongst top contractors, is a specialist contracting outfit for turnkey management of Power Projects i.e. extra high voltage transmission lines, distribution networks, substations, power generation plants, industrial electrification, external lighting of housing complexes etc.

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