Govt Approves 10 Bidders for FESCO Sale
For context, the Privatization Commission (PC) Board has prequalified 10 parties to participate in the next stage of the Faisalabad Electric Supply Firm (FESCO) privatization.
For context, the Privatization Commission (PC) Board has prequalified 10 parties to participate in the next stage of the Faisalabad Electric Supply Firm (FESCO) privatization.
Article outline
- What happened
- Why it matters
- The details
- The bottom line
Key points
- The decision was taken at the PC Board's 258th session, chaired by Adviser to the Prime Minister on Privatization Muhammad Ali.
- The Board additionally approved the reconstitution of its Audit and Risk, Human Resources, Investment and Legal Committees.
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- The Board was informed that 12 Expressions of Interest (EOIs) had been submitted for FESCO.
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Meanwhile, the decision was taken at the PC Board's 258th session, chaired by Adviser to the Prime Minister on Privatization Muhammad Ali. A number of Govt Office-holders Suspended Over Alleged Irregularities in Recruitment Process.
Meanwhile, the Board was informed that 12 Expressions of Interest (EOIs) had been submitted for FESCO. After evaluating the applications against the approved criteria, the Financial Adviser recommended 10 parties for prequalification. The Board approved the after parties.
Meanwhile, the prequalified parties will now move to the next phase, including access to FESCO's Virtual Data Room for detailed due diligence.
Meanwhile, the Board additionally approved the reconstitution of its Audit and Risk, Human Resources, Investment and Legal Committees.
In practice, the Privatisation Commission remarked the process would continue under a transparent and competitive framework, with the objective of maximising value for the administration and the public. Stay Connected with ProPakistani.
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For now, govt Approves 10 Bidders for FESCO Sale remains the part of the story worth watching, and further updates are likely as more details are confirmed.
