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The Privatisation commission ("PC") has invited Expression of Interest (EOI)
from qualified strategic investors to divest 51% shareholding in Sui
Southern Gas Company Limited (SSGC). SSGC offers significant potential for
revenue and earnings growth to an investor with the resources and expertise to
operate gas transmission, distribution, wholesale and retail businesses.
SSGC was formed in 1989, following a series of mergers of three pioneering
companies, namely Sui Gas Transmission Company Limited, Karachi Gas Company
Limited and Indus Gas Company Limited. SSGC is Pakistan's leading integrated
gas company with a franchise area covering the provinces of Sindh and
Balochistan serving more than 1.7 million consumers.
PC has asked the qualified parties interested in acquiring the indicated
shareholding 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 restructuring, 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 March 04, 2006. Earlier PC has invited EOIs for the
privatisation of SNGPL on December 13, 2006 with last date to receive EOIs on
February 11,2006. A consortium led by Pricewaterhousecopers is advising the
GoP on the privatisation of both SNGPL & SSGC.