Govt floats EOIs for privatization of FESCO, GEPCO and IESCO
MG News | May 20, 2026 at 09:57 AM GMT+05:00
May 20, 2026 (MLN): The Government of Pakistan,
through the Privatization Commission, has formally invited Expressions of
Interest (EOIs) from local and international investors for the privatization of
three major electricity distribution companies Faisalabad Electric Supply
Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad
Electric Supply Company (IESCO).
The transaction offers investors the opportunity to acquire
between 51% and 100% shareholding along with full management control in each
utility, according to a press release issued.
Submissions must be filed separately for each company, with
deadlines set for 7 July 2026 for FESCO, 6 August 2026 for GEPCO, and 7
September 2026 for IESCO.
The three DISCOs collectively serve more than 14 million
consumers across Punjab and the Islamabad region and represent strategically
important assets within Pakistan's energy landscape.
Investors may participate individually or through a
consortium, subject to qualification criteria outlined in the Request for
Statement of Qualification documents available on the privatization
Commission's official website.
As part of the investor engagement process, the privatization
Commission and its Financial Advisor will jointly host an online investor
briefing to walk interested parties through the investment opportunities,
transaction structure, and procedural requirements.
The Commission has also indicated it will hold consultations
with potential investors and power sector stakeholders to refine the existing
tariff structure, Multi-Year Tariff (MYT) regime, and broader business model
for the DISCOs, with the aim of establishing a performance-based returns
framework and expanding commercial opportunities for private buyers.
The initiative forms part of the government's broader
economic reform agenda aimed at improving efficiency, attracting investment,
and promoting fiscal sustainability and long-term stability in Pakistan's power
sector.
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