Mitsui : GM, Japanese Energy Company met Mohammed Mian Soomro - Press Note issued by Press Information Department

February 11, 2020 (PPI-OT)

Following is the text of press note issued by Press Information Department (PID)

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The delegation from Mitsui and Co., (Asia Pacific) Ltd. Japan, led by GM Hisato Nakayama (Energy department.) called on Federal Minister/Chairman Privatization Mohammed Mian Soomro here in Islamabad today. Ministry of Privatization has prequalified 12 companies for the Privatization of two RLNG based power plants located at Haveli Bahadarsh and Balloki. The delegation was briefed about the power plants and their existing and future status and current efficiency level as well.

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 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.

For more information, contact:Principal Information Officer,Press Information Department (PID)Tel: [phone]Fax: [phone]Email: [e-mail]: www.pid.gov.pk

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