Government Invites EOIs for Privatization of FESCO, GEPCO and IESCO
Islamabad (Qudrat Daily): The government has formally invited Expressions of Interest (EOIs) from local and international investors for the privatization of three major electricity distribution companies (DISCOs) — Faisalabad Electric Supply Company, Gujranwala Electric Power Company and Islamabad Electric Supply Company — through the Privatization Commission of Pakistan.
According to details, 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 move is part of the Government of Pakistan’s broader economic reform agenda aimed at improving operational efficiency, enhancing service delivery, attracting local and foreign investment, and promoting sustainable development in the country’s power sector.
FESCO, GEPCO and IESCO collectively serve more than 14 million consumers across major industrial, commercial, and urban centers in Punjab and Islamabad.
Officials stated that the privatization process will be carried out in a transparent and competitive manner in line with internationally accepted practices.
The Privatization Commission said interested investors may participate either individually or as part of a consortium, subject to the eligibility criteria outlined in the official documents. Separate bids will be required for each distribution company.
According to the announcement, the deadline for submission of applications is July 7, 2026 for FESCO, August 6, 2026 for GEPCO, and September 7, 2026 for IESCO.
The Privatization Commission and its financial adviser will also jointly organize an online investor briefing to explain investment opportunities, privatization structure, and procedural requirements for potential investors.
The commission further stated that consultations would be held with investors and power sector stakeholders to improve the existing tariff structure, multi-year tariff system, business model, and supplier framework in order to encourage more effective private-sector participation in Pakistan’s electricity distribution business.
The statement added that the government remains committed to creating an investor-friendly environment through policy continuity, regulatory transparency, and institutional reforms.
Further details regarding eligibility requirements and submission procedures are available on the official website of the Privatization Commission of Pakistan.
