By SKM
August 07, 2026
ISLAMABAD: The privatisation of Faisalabad Electric Supply Company (FESCO) entered a significant new phase on Friday as the Privatisation Commission received Expressions of Interest (EOIs) from 12 domestic and international investors seeking to acquire a majority stake and management control of the power distribution company.
According to the Privatisation Commission, the interested parties are looking to acquire between 51% and 100% shareholding in FESCO. The investor response includes three companies from Türkiye, one from China and eight leading Pakistani business groups, reflecting strong confidence in the government’s power-sector reform and privatisation programme.
The foreign investors include Aktor Elektrik Enerji Yatırımları San. ve Tic. A.Ş., Genvera Enerji A.Ş. (Çelik Group) and Cengiz Enerji Sanayii ve Ticaret A.Ş. from Türkiye, as well as Jiang Xi Electric Power Construction from China. Domestic contenders include Engro Energy Limited, Sapphire Fibers Limited, Hub Power Holdings and Lucky Cement, Shirazi Investments (Atlas Group), Maple Leaf Cement and Kohinoor Textile, Nishat Mills Limited and Pak Elektron Ltd., Artistic Milliners (Private) Limited, and K-Electric Limited.
Welcoming the strong investor response, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission Muhammad Ali described it as an important milestone in the privatisation of electricity distribution companies (DISCOs). He said the level of interest reflected investor confidence in the potential of Pakistan’s electricity distribution sector and the government’s commitment to a transparent, competitive and professionally managed privatisation process.
He said the Commission would now engage with prequalified investors during the due diligence stage and discuss the framework for the post-privatisation regime. According to him, the privatisation aims to improve operational efficiency, modernise distribution infrastructure, strengthen customer services, reduce system losses and place the power sector on a more financially sustainable footing, ultimately paving the way for more reliable and affordable electricity for consumers.
The Commission said all EOIs and Statements of Qualification (SOQs) submitted by prospective investors would now be evaluated against the approved prequalification criteria. Applicants meeting the required standards will be granted access to the Virtual Data Room (VDR) to undertake detailed buy-side due diligence before moving to the next stage of the transaction.
FESCO is one of three electricity distribution companies included in the first batch of the government’s DISCO privatisation programme, alongside Gujranwala Electric Power Company (GEPCO) and Islamabad Electric Supply Company (IESCO). The deadlines for submission of EOIs for GEPCO and IESCO are August 21, 2026, and September 7, 2026, respectively.
The Privatisation Commission reaffirmed its commitment to conducting an open, transparent and competitive privatisation process in line with the federal government’s broader agenda to reform Pakistan’s power sector and improve the performance of state-owned electricity distribution companies. Ends
