Sui gas twins’ asset revaluation likely

The Privatisation Commission Monday directed Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) to revalue their assets and assess up-gradation requirements. It was decided in a meeting chaired by Shahab Khawaja Federal Secretary Ministry of Privatisation here.
According to details the directives have been issued so that the value addition measures could be taken prior to privatisation proceeds. Khawaja said that the government intended to increase the profitability of both entities to safeguard the interests of consumers and investors alike.
It would be done by increasing their capacities after addressing the issues at hand, he added. The representatives of SNGPL and SSGC delivered presentations regarding their performance and ongoing projects while the officials of Oil and Gas Regulatory Authority (OGRA), Ministries of Petroleum, Natural Resources, Finance and PC also attended the meeting.

Sui gas twins’ asset revaluation likely