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The Privatisation commission ("PC") has invited Expression of Interest (EOI)
from qualified strategic investors to divest 51% shareholding in Sui Northern
Gas Company Limited (SNGPL). SNGPL offers significant potential for and
earnings growth to an investor with the resources and expertise to operate gas
transmission, distribution, wholesale and retail bossiness.
SNGPL was incorporated in 1963 as a private limited company and was converted
to a public company in 1964. SNGPL is the largest gas transmission and
distribution company in Pakistan, with a franchise area comprising of the
provinces of Punjab and North West Frontier Province (NWFP) serving more than
2.3 million consumers. The company has 41 years of experience in
operation and maintenance of high-pressure gas and distribution and systems.
PC has asked the qualified parties interested in acquiring the indicated
shareholder and management control to submit their EOI's along with the
required non refundable processing fee including the name and address of the
party, the date and place of incorporation and contact details, Experience in
the gas sector, Experience in international gas industry development,
involvement in the acquisition /operation of gas companies requiring system
upgrading and managerial restricting, Audited financial statements and details
of ownership structure.
Parties with relevant credentials and who submit a formal EOI will be provided
with a documentation package, including a Request for Statement of
Qualification ("SOQ") and Preliminary Information Memorandum. The early
submission of EOIs will allow parties maximum time for completion of their
Statement of Qualification requirements. SOQs must be submitted to the PC no
later than 1500 hrs on February 11,2006. A consortium led by
Pricewaterhousecopers is advising the GoP on the privatisation of SNGPL. The
invitations for the Sui Southern Gas Company (SSGC) privatisation are being
invited separately and shortly.