Debt recapitalization, refinancing scheme for NPPMCL discussed

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Staff Reporter
Islamabad

The transaction committee meeting for the privatisa-tion of National Power Parks Management Company Limited (NPPMCL) is held under the chair-manship of Federal Minister MohammedMian Soomro on Wednesday in Islamabad.

The transaction committee discussed the debt re-capitalization/ refinancing of NPPMCL from the local commercial banks.

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

Federal Secretary Privatisation, Chairman NEPRA, MD PPIB, representatives of Power, Finance, Petro-leum and Financial Advisors also attended the meet-ing.

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.

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