Financial advisory: KASB Bank, Privatisation Commission ink accord
The Privatisation Commission (PC) has announced that it has entered into an agreement with a consortium led by KASB Bank for financial advisory services for the privatisation of National Power Construction Company (NPCC).
The consortium comprises KASB Bank (lead member), Mohsin Tayebaly and Company (legal consultants), Riaz Ahmed and Company Chartered Accountants and Barqaab Consulting Services (technical consultants).
Privatisation Commission Secretary Imtiaz Hussain Kazi signed the agreement on behalf of the government. It is aimed at bringing NPCC to a point of sale in the shortest possible time without compromising transparency and efficiency.
PC said NPCC privatisation was being followed on a fast track basis for completion within the given timeframe of four months.
NPCC is a specialist contracting outfit for turnkey management of power projects including extra high-voltage transmission lines, distribution networks, substations, power generation plants, industrial electrification, external lighting of housing complexes, etc.
Published in The Express Tribune, May 15th, 2011.
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