Privatisation Board pushes ahead with power deals

June 19, 2025 (MLN): The Privatisation Commission Board, in its 235th meeting held on Wednesday, approved critical steps to advance strategic transactions in Pakistan’s power sector, signalling a renewed push for private sector participation in state-owned energy assets.

Chaired by Muhammad Ali, Adviser to the Prime Minister on Privatisation, the meeting approved the initiation of the Financial Adviser (FA) appointment process for the privatisation of four electricity distribution companies (DISCOs) and two generation companies (GENCOs).

The targeted DISCOs include:

• Hyderabad Electric Supply Company (HESCO)
• Sukkur Electric Power Company (SEPCO)
• Peshawar Electric Supply Company (PESCO)
• Hazara Electric Supply Company (HAZECO)

The GENCOs include:

• 747 MW Guddu Power Plant
• 525 MW Nandipur Power Plant

The Board also approved the audited financial statements for fiscal years 2022–23 and 2023–24 and cleared the budget estimates for FY2025–26, ensuring institutional continuity and progress on ongoing transactions.

Updates were shared on the status of key transactions, including:

• Pakistan International Airlines Corporation Ltd (PIACL)
• Roosevelt Hotel (New York)
• Three power distribution companies: FESCO, GEPCO, and IESCO

Reaffirming its mandate, the Privatisation Commission emphasized its commitment to transparency, investor confidence, and the timely execution of strategic transactions, aligning with Pakistan’s broader economic reform agenda.

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