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 interest from both domestic and international investors for the privatisation of Faisalabad Electric Supply Company (Fesco). The commission has received 12 expressions of interest (EOIs) from prospective investors, seeking a 51pc to 100pc stake and management control. The EOIs were submitted by three Turkish investors, one Chinese investor, and eight local Pakistani groups.
The PC has welcomed the interest shown by leading business groups in entering the power distribution sector and expressed confidence in the potential of Pakistan's electricity distribution sector. The next stage of the process will involve a comprehensive evaluation of the EOIs and Statements of Qualification (SOQs) submitted by interested parties.
Brief written by urgent.news from Dawn's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
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