Islamabad: The Government of Pakistan has issued a call for Expressions of Interest (EOIs) from both local and international investors for the privatisation of three significant electricity distribution companies: Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO). This initiative, led by the Privatisation Commission, aims to privatise between 51% and 100% of the shareholding and management control in each company.

According to Press Information Department, this move is part of a larger economic reform strategy by the government, aimed at enhancing efficiency, service delivery, and attracting investments in Pakistan’s power sector. The three companies serve over 14 million consumers in major industrial and urban areas across Punjab and the Islamabad region, making them pivotal assets in the country’s energy framework.

The Privatisation Commission has assured that the process will be conducted transparently and competitively, aligning with international standards. Investors can participate individually or in consortia, with each required to submit separate documents for the respective companies by specific deadlines—July 7, August 6, and September 7, 2026, for FESCO, GEPCO, and IESCO, respectively.

An online investor briefing will be held to discuss investment opportunities and procedural details. The government anticipates that privatising these companies will modernise the energy sector, improve efficiency, and enhance consumer services, ultimately contributing to fiscal sustainability and economic stability.

The commission plans to engage with stakeholders to refine tariffs, business models, and frameworks, creating a performance-based regime that fosters private sector involvement. Detailed transaction information is available on the Privatisation Commission’s official website.