ISLAMABAD: The Privatisation Commission (PC) said on Friday that it received a strong response from domestic and international investors interested in acquiring Faisalabad Electric Supply Company (Fesco).
“On the closing date, the commission received 12 Expressions of Interest (EoIs) from prospective investors seeking to acquire 51 to 100pc shareholding in Fesco together with management control.
The EoIs came from three Turkish, one Chinese and eight local investors.
The three from Turkiye include Aktor Elektrik Enerji Yatrmlar San. ve Tic. A.., Genvera Enerji A.. (Celik Group) and Cengiz Enerji Sanayii ve Ticaret A.. The EoI from China was submitted by Jiang Xi Electric Power Construction.
12 Turkish, Chinese, local firms submit EoIs
The remaining eight Pakistani groups include Engro Energy Ltd, Sapphire Fibres Ltd; Hub Power Holdings and Lucky Cement; Shirazi Investments (Pvt) Ltd (Atlas group); Maple Leaf Cement and Kohinoor Textile; Nishat Mills Ltd and Pak Elektron Ltd; Artistic Milliners (Private) Ltd; and K-Electric.
The commission welcomed interest from leading business groups in entering the power distribution business and appreciated the investor community’s extensive engagement during the domestic and international road shows over the past six months.
“This is an important milestone in the privatisation of Discos. The strong response reflects investor confidence in the potential of Pakistan’s electricity distribution sector and in the government’s commitment to a transparent, competitive and professionally managed process,” said Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman, Privatisation Commission.
“The commission now looks forward to engaging constructively with the prequalified investors through the due-diligence process and discussing the contours of the post-privatisation regime.
The privatisation is intended to improve operational efficiency, modernise distribution infrastructure, strengthen customer service, reduce losses and support a more financially sustainable power sector.
Over time, these measures will help create the conditions for more competitive electricity distribution and affordable, reliable power for consumers,” he added.
The EoIs and Statements of Qualification (SOQs) submitted by the interested parties will now undergo a comprehensive evaluation against the approved prequalification criteria.
Applicants meeting the prescribed requirements will be prequalified and invited to the next stage of the transaction, where they will be granted access to the Virtual Data Room (VDR) to undertake detailed buy-side due diligence.
Fesco is among the three electricity distribution companies in Disco Batch-I privatisation, alongside Gujranwala Electric Power Company (Gepco) and Islamabad Electric Supply Company (Iesco). The deadlines for submission of EoIs for Gepco and Iesco are Aug 21 and Sept 7, respectively.
The commission said it would ensure an open, transparent and competitive privatisation process, undertaken in the public interest and in support of the government’s wider power-sector reform agenda.
Published in Dawn, August 8th, 2026
