A delegation from Mitsui and Co., (Asia Pacific) Ltd. Japan, led by GM Hisato Nakayama (Energy department.) called on Federal Minister/Chairman Privatization Mohammedmian Soomro here on Tuesday. 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 power plants and their existing and future status and current efficiency level as well, says a press release. Mitsui and 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 isrenowned power company that isinternationally 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 inve

tors are assisted and will be assisted in matters including dividends, taxation and other related subjects

© Pakistan Press International, source Asianet-Pakistan