{
  "id": 270843,
  "title": "Domestic, foreign investors show interest in Fesco privatisation: privatisation commission",
  "url": "https://urgent.news/2026/08/07/domestic-foreign-investors-show-interest-in-fesco-privatisation",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-07T14:58:15.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2021271/domestic-foreign-investors-show-interest-in-fesco-privatisation-privatisation-commission"
  },
  "original_language": "en",
  "account": "The Privatisation Commission has announced a positive response to the bidding process for the privatization of Faisalabad Electric Supply Company (Fesco). Twelve expressions of interest (EOIs) have been received from a mix of domestic and international investors, with the potential to acquire a 51% to 100% stake, along with management control. The interested parties hail from Turkey, China, and Pakistan, with notable participants including Aktor Elektrik Enerji Yatırımları San. ve Tic. A.Ş., Jiang Xi Electric Power Construction, and several Pakistani groups like Engro Energy Limited, Sapphire Fibers Limited, and Lucky Cement. The Privatisation Commission expressed enthusiasm about the investor interest and praised the engagement during recent roadshows. Chairman Muhammad Ali highlighted the importance of this milestone in Fesco's privatization, stating that strong investor confidence indicates the potential of Pakistan's electricity distribution sector and the government's commitment to a transparent, competitive process. The Commission anticipates a thorough evaluation of the submitted EOIs and Statements of Qualification against prequalification criteria, with successful applicants granted access to the Virtual Data Room for detailed due diligence. Fesco, along with Gujranwala Electric Power Company and Islamabad Electric Supply Company, are considered the most viable electricity distribution companies among 11 originally formed from the Water and Power Development Authority in 1998. Deadlines for EOIs for Gujranwala Electric Power Company and Islamabad Electric Supply Company are August 21 and September 7, 2026, respectively. The Commission is committed to an open, transparent, and competitive privatization process, prioritizing the public interest and aligning with the federal government's broader power-sector reform agenda.",
  "summary": "The Privatisation Commission (PC) has received a strong response from both domestic and international investors regarding the privatisation of Faisalabad Electric Supply Company (Fesco). The commission received 12 expressions of interest (EOIs) from prospective investors seeking to acquire a 51pc to 100pc stake in Fesco along with management control. The investors hail from Turkey, China, and Pakistan. The Turkish investors include Aktor Elektrik Enerji Yatırımları San. ve Tic. A.Ş., Genvera Enerji A.Ş. (Celik Group) and Cengiz Enerji Sanayii ve Ticaret A.Ş., while the Chinese investor is Jiang Xi Electric Power Construction. Local investors include Engro Energy Limited, Sapphire Fibers Limited, Hub Power Holdings, Lucky Cement, Shirazi Investments (Pvt) Limited, Maple Leaf Cement, Kohinoor Textile, Nishat Mills Limited, Pak Elektron Ltd, and Artistic Milliners (Private) Limited. The PC welcomed the investor interest and appreciated the engagement during domestic and international roadshows. The privatisation of Fesco is expected to improve operational efficiency, modernise distribution infrastructure, strengthen customer service, reduce losses, and support a more financially sustainable power sector.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Dawn",
        "title": "Domestic, foreign investors show interest in Fesco privatisation: privatisation commission",
        "url": "https://urgent.news/2026/08/07/domestic-foreign-investors-show-interest-in-fesco-privatisation-272190",
        "published": "2026-08-07T14:58:15.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}