The Chinese company M/s Shanghai Electric Power (SEP), which is interested in purchasing 66.4% shares of M/s Abraaj Group in KE, said that its interest is linked to future of exclusivity of the power utility. The Chinese company said that it is ready to start discussions on the following issues through a conference call or exchange draft documents and written commitment. National Security Certificate (NSC) – SEP has confirmed that in principle, the draft of the Deed of Undertaking is in agreed form post several discussions between SEP and the Privatization Commission team.
29/9/2020