PC receives 3 EoIs for Heavy Electrical

Posted on June 17, 2011. Filed under: Privatization |

The Privatisation Commission has received three expressions of interest for sale of 88 per cent shares of Heavy Electrical Complex on as is where is basis. Twelve per cent shares are allocated for employees of HEC through Benazir Employees Stock Option Scheme (Besos).

The request for statement of qualification has been despatched to relevant parties — Niagara Mills Faisalabad; Areva T&D Pakistan Karachi; and Alstom Grid Pakistan France – and it would be received latest by July 2. Information memorandum, bid documents and time-frame for pre-bid conference and bidding date would be provided to pre-qualified parties only, the Privatization Commission said.

The successful bidder would continue to operate company’s manufacturing facility as going concern.

The HEC, located in Hattar Industrial Estate, is one of the industrial units of State Engineering Corporation engaged in the manufacturing of power transformers of different types (total annual capacity 3000 MVA) with primary voltage rating of 66 and 132 KV.

In addition, HEC undertakes repairs and refurbishment of old and damaged power transformers up to 500 KV.

The HEC has six main manufacturing shops, namely Machine Shop, Winding Shop, Insulation Shop, Core Shop, Fabrication Shop and Assembly Shop. In addition, the HEC has an oil purification shop, high voltage test laboratory equipped with overhead traveling cranes.

The HEC can diversify its manufacturing range by including other products, such as instrument transformers, high voltage circuit-breakers and other grid station equipment for meeting demand of the products in domestic and foreign markets.

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