Islamabad (HRNW)- The federal government has invited expressions of interest (EoI) from investors for the privatization of major electricity distribution companies in Pakistan.
According to documents issued by the Privatization Commission, the government plans to sell between 51 and 100 percent shares in Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO). Management control of these companies will also be transferred to private investors after privatization.
The document states that the deadline for submission of expressions of interest for FESCO is July 7, 2026, while August 6, 2026 has been fixed for GEPCO and September 7, 2026 for IESCO.
A non-refundable application fee of Rs1.4 million has been made mandatory for each company. The Privatization Commission will also hold an online briefing session regarding the privatization process through Zoom on June 3, 2026.
According to official details, FESCO currently provides electricity to around 5.7 million consumers in central Punjab, GEPCO serves multiple districts including Gujranwala and Sialkot, while IESCO supplies power to approximately 4.1 million consumers in Islamabad, Rawalpindi, and Azad Kashmir.
The government says the privatization initiative is aimed at increasing investment and reducing circular debt in the power sector. However, experts believe that mounting financial pressures and persistent losses in the energy sector are among the key reasons behind the decision, with expectations that both local and foreign investors may show interest.
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