Soomro reviews debt-recapitalisation, refinancing scheme for NPPMCL

ISLAMABAD: Federal Minister for Privatization Mohammadmian Soomro Wednesday reviewed debt-recapitalisation and refinancing scheme for National Power Parks Management Company Limited (NPPMCL).

The transaction committee meeting for the privatisation of NPPMCL is held under the chairmanship of Federal Minister Mohammadmian Soomro, said a press release issued by Ministry of Privatisation here.

Federal secretary Privatisation, chairman NEPRA, MD PPIB, representatives of Power, Finance, Petroleum and financial advisors also attended the meeting.

The transaction committee discussed the debt recapitalization/ refinancing of NPPMCL from the local commercial banks.

Article continues after this advertisement

The transaction committee agreed upon the scheme for local financing ahead of equity process in the transaction of NPPMCL.

The federal minister said that our focus is to strictly follow the guidelines for timely completion of the transaction.

This is the first of its kind transaction which involves re-financing of GoP excess equity and loan besides equity sale.

- Advertisement -

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Must Read

Tech sector continues to thrive, prosper: WIPO report

Despite the economic devastation wrought by Covid-19, the new technology sector continued to thrive and prosper last year, the UN’s World Intellectual Property Organisation’s...