Nine parties prequalify for Gepco
ISLAMABAD: The Privatisation Commission board has approved the prequalification of nine parties interested in acquiring Gujranwala Electric Power Company (Gepco). The board meeting, held on Monday and chaired by Adviser to the Prime Minister on Privatisation Muhammad Ali, was informed that it had received 11 expressions of interest (EoIs) for acquiring 51 per cent to 100pc shareholding, along…
ISLAMABAD - The Privatisation Commission board recently greenlit nine parties to prequalify for the acquisition of Gujranwala Electric Power Company (Gepco). This decision came after the board reviewed 11 expressions of interest (EoIs) for acquiring a 51 to 100 percent shareholding, as well as management control, during their meeting on Monday, chaired by Adviser to the Prime Minister on Privatisation Muhammad Ali.
The financial adviser subsequently recommended the nine parties for prequalification, setting them on the path to the following stages of the transaction. The prequalified entities comprise three Turkish energy companies, alongside prominent Pakistani business groups and investment consortia, indicating ongoing interest from both domestic and international investors in Pakistan's electricity distribution sector.
The nine prequalified parties will now advance to the next phase of the transaction, which includes gaining access to the Virtual Data Room (VDR) for thorough due diligence by potential buyers. This development was reported in a press release published in Dawn on October 6th, 2026.
Written by urgent.news from Dawn Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
