Saturday, February 22, 2020

Japanese Power Company Mitsui Wants to Buy Pakistani RLNG Power Plants

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A delegation from Mitsui & Co. (Asia Pacific) Ltd. Japan, led by GM Hisato Nakayama (Energy department), called on Federal Minister/Chairman Privatization Mohammed Mian Soomro in Islamabad.

Ministry of Privatization has prequalified 12 companies for the privatization of two RLNG based power plants located at Haveli Bahadarsha and Balloki. The delegation was briefed about the facility plants, their status, and current efficiency.

Mitsui & Co., Ltd. is one among the most important general trading companies in Japan. it’s a neighborhood of the Mitsui Group, and its business area covers energy, machinery, chemicals, food, textile, logistics, finance, and more. it’s a renowned power service that’s internationally recognized for innovation and sustainability.

On an issue , the delegation was briefed by the Federal Minister that a one-window facility exists for all independent power producers within the country and therefore the same will continue post-privatization, the foreign investors are assisted and can be assisted in matters including dividends, taxation, and other related subjects. Moreover, all the knowledge including bidding guidelines is additionally available within the virtual data room of NPPMCL.

GM Mitsui and Co Asia Pacific, Hisato Nakayama, said that their company has started due diligence and is sort of wanting to participate within the process of ultimate bidding of those two power plants.

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