ISLAMABAD: The Government of Pakistan, through the Privatisation Commission, has officially issued an Invitation for Expression of Interest (EOI) for the acquisition of a 51% to 100% share capital, together with management control, in three major power distribution companies (DISCOs): Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Comapny (IESCO).
These public limited companies, collectively referred to as “Batch-I DISCOs”, are wholly owned by the Government of Pakistan and are responsible for electricity distribution and supply within their respective notified geographical jurisdictions. Together, they serve over 14.9 million consumers across central Punjab, Khyber Pakhtunkhwa, and Azad Jammu & Kashmir (AJK).
Transaction Timelines and Details
Interested corporate entities, companies, or consortia are required to submit separate EOIs for each DISCO they intend to acquire. The submissions must be accompanied by a non-refundable processing fee of USD 5,000 (or PKR 1,400,000) per DISCO.
The strict deadlines for submission to the Privatisation Commission in Islamabad are as follows:
- FESCO: July 7, 2026 (16:00 Hours PKT)
- GEPCO: August 6, 2026 (16:00 Hours PKT)
- IESCO: September 7, 2026 (16:00 Hours PKT)
Submission Requirements
The EOI submission must comprise formal documentation including background information, corporate profiles, ownership details, and CNIC/Passport copies of directors or shareholders holding 20% or more voting power. Additionally, interested parties must include a signed Confidentiality Agreement and a Statement of Qualification (SOQ). The Privatisation Commission will evaluate the submitted SOQs to pre-qualify interested parties, who will then be granted access to a virtual data room to conduct due diligence and participate in the subsequent bidding processes.
Online Briefing Session
To facilitate potential investors and outline key investment highlights, the Privatisation Commission along with its Financial Advisor, Alvarez & Marsal Middle East Limited, will host a live online briefing via Zoom on Wednesday, June 3, 2026, from 4:00 PM to 6:00 PM Pakistan Standard Time.
