Govt floats EOIs for privatization of FESCO, GEPCO and IESCO

MG News | May 20, 2026 at 09:57 AM GMT+05:00

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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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