Govt extends IESCO EOI submission deadline to Sept 21
- Extension has been granted to facilitate interested local and international investors
The Privatisation Commission extended the Expression of Interest deadline for IESCO's privatisation to September 21, 2026, to ensure competitive participation from local and international investors.
- Revised deadline for IESCO privatization bids.
- Government's plan for power distribution company privatization.
- IESCO's recent achievement of targets and reduced line losses.
The Privatisation Commission (PC) has extended the deadline for submission of Expression of Interest (EOI) for private sector participation in the privatisation of Islamabad Electric Supply Company Limited (IESCO).
The extension has been granted to facilitate interested local and international investors and ensure a more competitive and transparent privatisation process, the PC spokesperson said in a statement on Saturday.
Under the privatisation programme, the government is seeking private sector participation through the acquisition of 51% to 100% of the share capital, together with management control, in each of the three power distribution companies, namely Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO).
For IESCO, the revised deadline for submission of EOI is: September 21, 2026, at 4:00 PM (PKT)
The Privatisation Commission has clarified that all other terms and conditions of the EOI process shall remain unchanged.
“The extension is aimed at providing prospective investors additional time to complete their due diligence and submit their EOIs, thereby supporting a competitive investor participation process,” it said.
Days ago, IESCO said it has achieved 100% of the targets set by Prime Minister Shehbaz Sharif and Federal Minister for Energy Sardar Awais Ahmad Khan Leghari, according to the company.
In a joint statement, IESCO Chairman Tahir Masood and Chief Executive Engineer Choudhry Khalid Mahmood said the company’s line losses declined from 8.75% to 7.6% during the last two financial years.
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