K-Electric’s fate lands in PM’s Office

ISLAMABAD: The Privatisation Commission has referred the matter of giving the National Security Clearance Certificate to the Prime Minister’s Office for a decision on the Chinese firm’s bid for the acquisition of majority stake in K-Electric, said Privatisation Minister Daniyal Aziz.

A summary was sent to the competent authority last week about the status of the National Security Clearance Certificate that was to be issued to Shanghai Electric for successful conclusion of the K-Electric deal, said Aziz while talking to The Express Tribune. “We did our job and it is now up to the competent authority to take a decision on the proposed deal between The Abraaj Group and Shanghai Electric Power,” said Aziz.

Published in The Express Tribune, 27th March, 2018