Govt extends IESCO EOI submission deadline to Sept 21

The Privatisation Commission has extended the deadline for submitting an Expression of Interest (EOI) for private sector participation in the privatisation of Islamabad Electric Supply Company Limited (IESCO) until September 21, 2026. This extension aims to facilitate local and international investors, ensuring a more competitive and transparent process.

The government is seeking private sector participation through the acquisition of 51% to 100% of the share capital and management control in IESCO, among other power distribution companies. All other terms and conditions of the EOI process remain unchanged. IESCO has reported achieving 100% of the targets set by Prime Minister Shehbaz Sharif and Federal Minister for Energy Sardar Awais Ahmad Khan Leghari, with a decline in line losses from 8.75% to 7.6% over the past two financial years.

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