Heavy Electrical Complex

Focus on better utilisation, taking exports to $250-300m within three years

Employees threaten to take to the streets against non-payment

Ministry of Industries, State Engineering Corp, HEC technically knock out bidders

Says he alone does not decide on selling state entities

Bidder discussed meeting between him, then PC chief and HEC transaction manager

Top official says privatising entity would be unwise

Company adviser had submitted a Rs225 million cheque which was dishonoured