ISLAMABAD, Feb 22: The Privatization Commission (PC) on Wednesday invited expressions of interest (EoIs) from qualified strategic investors or consortia for acquiring 56 per cent equity stake including management control in Faisalabad Electric Supply Company (FESCO).

An official announcement issued here said that the interested parties had been asked to furnish their EoIs along with a brief profile and a non-refundable processing fee of $850 or Rs50,000 by March 31, 2006.

Parties who would submit EoIs along with relevant credentials and non-refundable processing fee would be dispatched a request for Statement of Qualifications (SOQ). The early submission of EoIs would allow parties maximum time for completion of their SOQ requirements.

The parties who have already submitted EoIs and have been pre-qualified need not apply afresh. It is, however, requested that such pre-qualified parties confirm their continued interest in the transaction.