3 Turkish Firms Among 10 Groups Shortlisted for IESCO Sale
The government has prequalified 10 local and international investor groups for the privatization of Islamabad Electric Supply Company (IESCO), including … Read More The post 3 Turkish Firms Among 10 Groups Shortlisted for IESCO Sale appeared first on ProPakistani .
The Privatization Commission Board has prequalified 10 investor groups, including three Turkish energy firms, for the sale of Islamabad Electric Supply Company (IESCO). The Turkish companies shortlisted are Aktor Elektrik Enerji Yatirimlari, Genvera Enerji, and Cengiz Enerji. Pakistani qualified firms include Sapphire Fibers, Novatex, Bestway Cement, and Engro Energy.
Three local consortia – Hub Power Holding, Artistic Milliners, and Hasnaat Brothers Construction Company – have also been approved to participate in the upcoming stages of the privatization process. The board further allowed the Artistic Milliners consortium to join the FESCO privatization and revised the restructuring plan for Zarai Taraqiati Bank Limited, while selecting a Deutsche Bank-led consortium as the lead bidder for financial advisory services for State Life Insurance Corporation of Pakistan.
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