Government of Pakistan
Ministry of Privatisation
Hiring of Financial Advisor
PRIVATISATION OF THE COMBINED CYCLE POWER PLANT (CCPP)
NANDIPUR 425-525MW OF THE NORTHERN POWER GENERATION COMPANY LIMITED (NPGCL)
CCPP Nandipur 425-525 MW being owned by NPGCL, one of the GENC’Os, lias been selected for privatisation as a part of overall privatisation program. Privatisation Commission (PC), therefore, invites Expression of Interest (EOI) from reputable Financial Adviser (FA) Consortium to assist in the process of privatisation of the CCPP Nandipur 425-525 MW. The Plant is located on the left bank of Upper Chenab Canal (within the premises of the existing small Hydel Power Station, Nandipur, Gujranwala). Technical configuration comprises 03 Gas Turbines (General Electric) + 03 HRSGs/Boilers+Ol Steam Turbine (DECL), China. Total capacity on RLNG is GTGs = 3 x 113 M W + STG l x 190 MW,
FA’s scope of work will be all encompassing which will broadly include but not limited to (i) formulation of restructuring & divestment strategy and its implementation facilitating private sector partnership; (ii) conducting holistic strategic review of NPGCL; (iii) detailed due diligence and review of CCPP Nandipur 425-525 MW operations (physical, financial, technical, legal, regulatory and institutional etc.); (iv) can ing out of CCPP Nandipur 425-525 MW from other power facilities assets of NPGCL; (v) advise on the divestment options and development of an appropriate transaction structure; (vi) implementation of the transaction structure for divestment or asset sale; (vii) preparation of marketing plan and its implementation; (viii) pre-qualification of prospective investors, preparation of bid documents; and (ix) post bid evaluation and closure of transaction. For successful completion of the transaction FA shall engage multidisciplinary team of experts with proven experience in privatisation of power plants, financial restructuring, legal & regulatory review and analysis, technical & financial due diligence, human resource management etc.
Detailed Terms of Reference (TOR) / Scope of Work will be shared at the time of issuing the Request for Proposal (RFP) document to the shortlisted Parties.
Interested Parties (IPs), preferably World Class Consortium led by an International Investment Bank are required to submit an EOI (5 copies) with the following requisite information:
(i) Detailed profile including core area of expertise, contact information and management structure etc.;
(ii) General/overall experience of Mergers & Acquisitions and Privatisation for the last 10 years with detail of projects and clientele;
(iii) Demonstrated experience of major transactions as a Lead Adviser
(iv) Specific experience related to power sector transactions
(v) Ranking of internationally recognized and published league tables in power sector
(vi) Profile of sub-contractors and consortium members with relevant experience, along with letter of exclusive consent.
A processing fee of USS 500/- (Five hundred US Dollar only)/or equivalent in Pak Rupees (Non refundable) should also be submitted alongwith the EOI in the form of a Bank Draft, Pay Order or Banker’s Cheque in favor of Privatisation Commission (Address given below).
The RFP (invitingTechnical and Financial proposals) shall only be issued to the shortlisted parties. Selection shall be made in accordance with Quality and Cost Based Selection (QCBS) method set out in Public Procurement Consultancy Regulations, 2010.
The EOI should reach in the office of the Director General (Power) by October 02, 2019 before 1700 hours, positively.
For further information, / queries please contact:
Muhammad Jamil Director General (Power)
Tel:+92-51-9208510 Email: firstname.lastname@example.org
4th Floor, Kohsar Block, New Secretariat, Constitution Avenue, Islamabad,
Pakistan. Tel:+92-51-9205146-47 Fax: +92-51-92G3076