The company’s proposed power plants produce approximately 700MW of electricity. The company is seeking bids for AES LalPir and AES Pak Gen, said the source. The company would be advised regarding the financial transactions by the Citi and HSBC.
Many investors have shown interest in the transaction, which includes ABRAJ, Nishat Group and Int’l Power Company, informed the source.
The sources added that: “With the acquisition of AES, LalPir and AES Power Gen, power generation under the control of International Power would exceed 4,000MW in Pakistan. This transaction is being watched by investors with keen interest due to the international nature of this deal.”
