ISLAMABAD: The Privatisation Commission (PC) on Monday received ten (10) Expressions of Interest (EOIs) from prospective investors seeking to acquire 51 percent to 100 percent shareholding in Islamabad Electric Supply Company (IESCO) together with management control.
The Privatisation of DISCOs Batch1 enters the next phase with continued strong investor interest in IESCO. The commission has received an overwhelming response from domestic and international investors for the privatisation of IESCO.
The names of interested parties are as follows:
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Aktor Elektrik Enerji Yatirimlari San. ve Tic. A.S. -Turkiye
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GenveraEnerji A.S. - Turkiye
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Cengiz Enerji Sanayiive Ticaret A.S. – Türkiye
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Engro Energy Limited
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Artistic Milliners (Private) Limited Consortium - The Lake City Holdings, Fatima Capital Limited, Din Ventures (Pvt) Limited and Fazal Cloth Mills Limited
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Hub Power Holding Limited Consortium - Lucky Cement Limited, Kohat Cement Limited and Metro Ventures (Private) Limited
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Sapphire Fibers Limited
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Novatex Limited
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Bestway Cement Limited
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Hasnaat Brothers Construction Co. (Pvt) Limited Consortium - Dhilal Holding Group, Pak Steel, Bio-Labs (Pvt) Limited and Farid Steel Casting (Pvt) Limited
IESCO is among the three electricity distribution companies in DISCOs Batch-I, alongside Faisalabad Electric Supply Company (FESCO) and Gujranwala Electric Power Company (GEPCO).
Ten (10) interested parties have been prequalified for FESCO, whereas eleven (11) EOIs were received for GEPCO, which are currently under evaluation for prequalification.
Investors from Turkiye and several of Pakistan’s leading business groups have submitted their interest. The Privatisation Commission appreciates the investor community’s extensive engagement during the domestic and international roadshows and welcomes their confidence in Pakistan’s power-sector reform agenda.
“This is an important milestone in the privatisation of DISCOs. The strong response received for IESCO reflects that investors have confidence in the potential of Pakistan’s electricity distribution sector and in the Government’s commitment to a transparent, competitive and professionally managed process,” said Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman, Privatisation Commission.
“The Commission now looks forward to engaging constructively with the prequalified investors through the due-diligence process and to seek alignment on an equitable, transparent and predictable post-privatisation regime.
The privatisation is intended to improve operational efficiency, modernise distribution infrastructure, strengthen customer service, and reduce losses to support a more financially sustainable power sector, which, over time, will lead to more affordable and reliable power for consumers,” he added.
The Expressions of Interest and Statements of Qualification (SOQs) submitted by the interested parties will now undergo a comprehensive evaluation against the approved prequalification criteria.
Applicants meeting the prescribed requirements will be prequalified and invited to the next stage of the transaction, where they will be granted access to the Virtual Data Room (VDR) to undertake detailed buy-side due diligence.
Copyright Business Recorder, 2026
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