Domestic, foreign investors show interest in Fesco privatisation: privatisation commission
ISLAMABAD: The Privatisation Commission (PC) on Friday said it had received a strong response from domestic and international investors for the privatisation of Faisalabad Electric Supply Company (Fesco). The commission said it had received 12 expressions of interest (EOIs) from prospective investors seeking to acquire a 51pc to 100pc stake in Fesco along with management control. The EOIs were…
The Privatisation Commission has announced a positive response to the bidding process for the privatization of Faisalabad Electric Supply Company (Fesco). Twelve expressions of interest (EOIs) have been received from a mix of domestic and international investors, with the potential to acquire a 51% to 100% stake, along with management control.
The interested parties hail from Turkey, China, and Pakistan, with notable participants including Aktor Elektrik Enerji Yatırımları San. ve Tic. A.Ş., Jiang Xi Electric Power Construction, and several Pakistani groups like Engro Energy Limited, Sapphire Fibers Limited, and Lucky Cement. The Privatisation Commission expressed enthusiasm about the investor interest and praised the engagement during recent roadshows.
Chairman Muhammad Ali highlighted the importance of this milestone in Fesco's privatization, stating that strong investor confidence indicates the potential of Pakistan's electricity distribution sector and the government's commitment to a transparent, competitive process. The Commission anticipates a thorough evaluation of the submitted EOIs and Statements of Qualification against prequalification criteria, with successful applicants granted access to the Virtual Data Room for detailed due diligence.
Fesco, along with Gujranwala Electric Power Company and Islamabad Electric Supply Company, are considered the most viable electricity distribution companies among 11 originally formed from the Water and Power Development Authority in 1998. Deadlines for EOIs for Gujranwala Electric Power Company and Islamabad Electric Supply Company are August 21 and September 7, 2026, respectively.
The Commission is committed to an open, transparent, and competitive privatization process, prioritizing the public interest and aligning with the federal government's broader power-sector reform agenda.
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