National Power Construction Corporation (NPCC) was set up in 1974 with a paid up capital of Rs.10 million subscribed by Government of Pakistan, which was later raised to Rs.20 million through subscription entirely from the company’s General Reserve. NPCC is a contracting outfit and its charter includes management of Power Projects on turnkey basis i.e. Extra High Voltage Transmission Lines, Distribution Networks, Substations, Power Generation Plants, Industrial Electrification, External Lighting of Housing Complexes etc.
NPCC’s area of business during the last three decades has been Middle East with concentration in Saudi Arabia.From 1974 to 1977 NPCC was engaged in the execution of Power Projects at home for Water and Power Development Authority (WAPDA), Karachi Electric Supply Company (KESC) and Ministry of Defense and entered the overseas market in 1977 with the award of Al-Kharj Electrification Project pursuant to protocol signed between Governments of Saudi Arabia and Pakistan.
After completion of this assignment, the Company got registered in Saudi Arabia with Commercial Registration No. 4030066080 dated 19-12-1409H (22-07-1989G) under Foreign Capital Investment Regulations and later has now been placed under Saudi Arabian General Investment Authority (SAGIA) with Service Investment License No. 112030061493 dated 21-06-1430H (14-06-2009G). NPCC has so far successfully executed contracts through international competitive bidding. The total value of the Contracts secured and completed so far approx. 1 Billion US$. NPCC is also prequalified and or fulfills requirements to participate in tenders issued by various Electric Utilities in the Middle East and tenders financed by World Bank or Asian Development Bank in Asian and African Countries.
National Power Construction Corporation Continued to work under the above umbrella till 2015, when it was placed for privatization. As a result 88% shares of NPCC belonging to President Islamic Republic of Pakistan were sold by Privatization Commission through bidding held on August 11, 2015 to the successful bidder M/s Mansour Al-Mosaid Company for Trading and Contracting of Saudi Arabia. Transfer of Shares to the purchaser / buyers and constitution of New Board of Directors was completed on 1st December 2015. NPCC continues to prosper under the new management and was successful in securing SR.123.5 Million contracts in Saudi Arabia and four (4) contracts in Pakistan valuing Pak Rs.2.5 Billion during the year 2017.