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 (PC) has received a strong response from both domestic and international investors regarding the privatisation of Faisalabad Electric Supply Company (Fesco). The commission received 12 expressions of interest (EOIs) from prospective investors seeking to acquire a 51pc to 100pc stake in Fesco along with management control.
The investors hail from Turkey, China, and Pakistan. The Turkish investors include Aktor Elektrik Enerji Yatırımları San. ve Tic. A.Ş., Genvera Enerji A.Ş. (Celik Group) and Cengiz Enerji Sanayii ve Ticaret A.Ş., while the Chinese investor is Jiang Xi Electric Power Construction. Local investors include Engro Energy Limited, Sapphire Fibers Limited, Hub Power Holdings, Lucky Cement, Shirazi Investments (Pvt) Limited, Maple Leaf Cement, Kohinoor Textile, Nishat Mills Limited, Pak Elektron Ltd, and Artistic Milliners (Private) Limited.
The PC welcomed the investor interest and appreciated the engagement during domestic and international roadshows. The privatisation of Fesco is expected to improve operational efficiency, modernise distribution infrastructure, strengthen customer service, reduce losses, and support a more financially sustainable power sector.
Brief written by urgent.news from Dawn Business's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
