Islamabad: The Privatisation of Islamabad Electric Supply Company (IESCO) has garnered substantial interest from both domestic and international investors, with the Privatisation Commission receiving ten Expressions of Interest (EOIs) for acquiring a majority stake in the company. Investors are seeking to purchase between 51% and 100% of IESCO’s shares, alongside management control, signaling confidence in Pakistan’s electricity distribution sector.

According to Privatisation Commission, the investors include notable companies from Türkiye and prominent Pakistani business groups. The process has been marked by active engagement during both domestic and international roadshows, reflecting a robust belief in the country’s power-sector reform agenda. Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission, emphasized the importance of this milestone, noting the investors’ confidence in a transparent and competitive process.

The EOIs will now be evaluated based on prequalification criteria, with successful applicants progressing to detailed due diligence. IESCO is part of DISCOs Batch-I, which also includes Faisalabad Electric Supply Company and Gujranwala Electric Power Company. The privatisation is aimed at enhancing operational efficiency, modernising infrastructure, and improving customer service, ultimately leading to more affordable and reliable power for consumers. The Commission remains committed to a transparent process that aligns with the Federal Government’s broader power-sector reforms.