IESCO privatisation draws 10 investor groups
The Privatisation Commission (PC) on Monday received 10 Expressions of Interest (EOIs) from domestic and international investors for the acquisition of 51% to 100% shareholding in Islamabad Electric Supply Company (IESCO), along with management control. The EOIs were submitted on the closing date of the process for privatisation of IESCO, one of three distribution companies included in the first…
The Privatisation Commission (PC) has received 10 expressions of interest (EOIs) from various domestic and international investors for the acquisition of 51% to 100% shareholding in Islamabad Electric Supply Company (IESCO), along with management control. The interested parties include three Turkish companies, Engro Energy Limited, Sapphire Fibers Limited, Novatex Limited, Bestway Cement Limited, and four consortiums.
The Privatisation Adviser to the Prime Minister and PC Chairman, Muhammad Ali, noted that the strong response reflects investor confidence in Pakistan’s electricity distribution sector and the government’s commitment to a transparent and competitive process. The EOIs and Statements of Qualification will now undergo evaluation against the approved prequalification criteria, with successful applicants invited to the next stage, including access to a Virtual Data Room for detailed due diligence.
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