Japanese company eager to acquire 2 RLNG-based power plants

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APP14-11 ISLAMABAD: February 11 - A delegation from Mitsui & Co. Ltd. Asia Pacific, Japan called on Federal Minister for Privatization, Mohammedmian Soomro for briefing on Privatization of two RLNG plants. APP

ISLAMABAD: Japanese energy company Mitsui and Co (Asia Pacific) Ltd delegation led by General Manager (GM) Hisato Nakayama called on Federal Minister for Privatisation Mohammedmian Soomro here the other day.

The ministry has pre-qualified 12 companies for the privatisation of two re-gasified liquefied Natural Gas(RLNG) based power plants located at Haveli Bahadur Shah and Balloki, said a press release issued here by the Ministry of Privitisation.

The delegation was briefed about the power plants and their existing and future status and current efficiency level.

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It was also briefed about the current efficiency status, power sector framework, organisational functioning and prevailing energy scenario. The minister briefed the delegation about one window facility arrangement that exists for all independent power producers in the country and the same will continue post privatisation. He told the delegation that the foreign investors are assisted and will be assisted in matters including dividends, taxation and other related subjects.

Nakayama said that Mitsui and Co was eager to participate in the process of final bidding of these two power plants.

The company 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 recognised for innovation and sustainability.

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