DEBT-recapitalization and refinancing scheme for NPPMCL discussed

Islamabad, July 28, 2021 (PPI-OT):The transaction committee meeting for the privatisation of National Power Parks Management Company Limited (NPPMCL) is held under the chairmanship of Federal Minister Mohammed Mian Soomro today in Islamabad. The transaction committee discussed the debt recapitalization/ 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, Petroleum and Financial Advisors also attended the meeting. 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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