Govt Invites Bids for Privatisation of Three Discos

Govt invites bids for privatisation of three Discos

The government has formally invited expressions of interest from local and international investors for the privatisation of three major electricity distribution companies(DISCOs): Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO), according to a statement on Tuesday. Investors can acquire between 51% and 100% shareholding with management control in each Discos. Th…

Govt invites expressions of interest for sale of three major Discos

ISLAMABAD: The Privatisation Commission on Tuesday invited expressions of interest (EOIs) from local and international investors for the much-delayed sale of three of the country’s most viable electricity distribution companies (Discos). The deadline for submitting EOIs for the partial or full sale of the Discos falls in the first quarter of the next fiscal year. The three companies are Faisalabad Electric Supply Company (Fesco), Gujranwala Elec…

Government invites investors for privatization of major power distribution companies

The Privatisation Commission has invited expressions of interest from investors for the privatization of several major electricity distribution companies as part of the federal government’s economic reform agenda.

Pakistan begins process to sell FESCO, GEPCO and IESCO

Pakistan is set to sell three major power distribution companies as part of a broad reform push in the energy sector aimed at improving efficiency, reducing financial losses, and attracting private investment. The government has invited Expressions of Interest from prospective investors for the privatization of Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO) and Islamabad Electric Supply Company (IESCO), off…

Govt seeks bids for sale of major power distribution companies - Pakistan Observer

The federal government has sought expressions of interest from potential investors for the privatisation of three major power distribution companies. The government intends to sell between 51 and 100 per cent shares in Faisalabad Electric Supply Company, Gujranwala Electric Power Company, and Islamabad Electric Supply Company. The selected investors will also be granted management control of the companies as part of the privatisation process. Th…

Govt invites bids for privatisation of FESCO, GEPCO, IESCO

The government has invited expressions of interest (EOIs) from local and foreign investors for the privatisation of three major power distribution companies, Faisalabad Electric Supply Company, Gujranwala Electric Power Company and Islamabad Electric Supply Company, as part of its broader energy sector reform agenda. According to a statement issued by the Privatisation Commission of Pakistan on Tuesday, investors will have the opportunity to acq…