UAE to acquire Guddu Power plant

The United Arab Emirates (UAE) is reportedly interested in the acquisition of 747-MW Guddu Power plant (GPP).

According to sources recently Sheikh Hamad Bin Khalifa Bin Mohammed Al Nahyan penned down a letter to Prime Minister Imran Khan stating “We understand that the Government of Pakistan is in the process of privatisation of Guddu Power Plant and has already advertised, commenced and appointed Financial Advisor. We express our intention in compliance of all procedural requirements to acquire the plant and look forward to work with Pakistan,”

The government is already in the process of privatisation of Guddu Power plant (GPP) and Nandipur Power Plant (NPP) and their financial evaluation is being undertaken. Privatisation Commission has already asked Petroleum and Power Divisions to take early action in this regard so that there is clarity on way forward with regard to Guddu Power Plant and Nandipur Power Plant.

According to sources PM Imran Khan will officially visit the UAE once the process of financial evaluation is completed and privatisation process can be initiated.