Local
residents are protesting the privatization of Kot Addu Power Company Limited
(Kapco) coal-driven power plant “due to environmental concerns.” “The
extension in agreements and liquidity damages amounts to Rs27 billion, which
appears on Kapco's financial statements and is causing bottlenecks in its
privatization, stated the Privatisation Division to the Cabinet Committee on
Privatization (CCoP) in its meeting held on January 27. Due to this hindrance
in privatizing Kapco, the government wants
an investor to take greater interest in key decisions related to the coal
expansion project envisaged by Kapco.”
Advice from PSI Privatistion watch bulletin 9th March 2017
