12 Investor consortiums submit EOIs for FESCO privatization

August 07, 2026 (MLN): Pakistan's privatization of electricity distribution companies (DISCOs) reached a key milestone after the deadline for submitting Expressions of Interest (EOIs) for the Faisalabad Electric Supply Company (FESCO) concluded with strong participation from local and international investors.

Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission, Muhammad Ali, declared on Friday that 12 investor consortiums, comprising more than 12 individual companies and business groups, formally submitted EOIs for FESCO.

The interested parties include three consortiums from Turkey, one investor group from China, and eight major Pakistani business groups participating individually as well as through joint consortiums.

Muhammad Ali said the response shows growing investor confidence in Pakistan's power sector reforms and follows a six-month engagement process led by the Privatisation Commission.

Since launching investor outreach in January, the commission held multiple presentations and consultative sessions to build market confidence and encourage participation in the privatization process.

He said the privatization initiative aims to establish a post-privatization framework focused on reducing electricity tariffs for domestic, commercial and industrial consumers, fostering competition in the power supply business, modernizing and digitizing grid infrastructure, and ensuring affordable and efficient electricity supply across the country.

Following the completion of the FESCO EOI process, the Privatisation Commission and relevant authorities will begin due diligence with the shortlisted investors.

The privatization process for other distribution companies is also progressing, with the EOI submission deadline for Gujranwala Electric Power Company (GEPCO) expected within the next two weeks, while the deadline for Islamabad Electric Supply Company (IESCO) has been set for September 7.

Meanwhile, preliminary work and transaction structuring for Hyderabad Electric Supply Company (HESCO) and Sukkur Electric Power Company (SEPCO) are officially underway.

Officials expressed optimism that the current momentum would help ensure a transparent and successful privatization process for the DISCOs, describing it as an important step toward advancing reforms in Pakistan's power sector.

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