The Privatisation Commission of Pakistan has announced an extension of the deadline for submission of expressions of interest (EOIs) for the privatisation of Faisalabad Electric Supply Company (FESCO) and Gujranwala Electric Power Company (GEPCO). This move is part of the government’s Batch-I DISCOs privatisation programme.
Revised Deadlines for FESCO and GEPCO
Under the revised schedule, the new deadline for FESCO is August 7, 2026, while for GEPCO it is August 21, 2026. The deadline for the Islamabad Electric Supply Company (IESCO) remains unchanged at September 7, 2026. The extension was granted in response to requests from prospective investors who needed additional time to complete internal evaluations and prepare comprehensive submissions.
Government's Privatisation Agenda
The government is offering 51% to 100% shareholding, along with management control, in the first batch of distribution companies. This initiative is part of Pakistan’s broader economic reform and privatisation agenda aimed at attracting strategic investors who can enhance operational efficiency, improve service delivery, reduce losses, and strengthen the power distribution sector.
The Privatisation Commission has reiterated its commitment to conducting a transparent, competitive, and investor-friendly process that encourages broad participation from qualified local and international investors.
How to Participate
Interested parties may obtain further information from the Privatisation Commission or its Financial Advisor, Alvarez & Marsal Middle East Limited. EOIs must be submitted by the revised deadlines.
