Govt invites bids for privatisation of FESCO, GEPCO, IESCO

The government has invited expressions of interest (EOIs) from local and foreign investors for the privatisation of three major power distribution companies, Faisalabad Electric Supply Company, Gujranwala Electric Power Company and Islamabad Electric Supply Company, as part of its broader energy sector reform agenda. According to a statement issued by the Privatisation Commission of Pakistan on Tuesday, investors will have the opportunity to acquire between 51 percent and 100 percent shareholding along with management control in each of the three distribution companies. The commission said the move is aimed at improving operational efficiency, enhancing service delivery, attracting domestic and foreign investment, and promoting sustainable growth in the country’s power sector.