FESCO & GEPCO sell-offs: EOIs deadline extended
The Privatisation Commission extended Expression of Interest deadlines for FESCO and GEPCO to allow investors more time for evaluation, aiming to attract strategic partners for power sector reform.
- Extended deadlines for FESCO and GEPCO investor interest.
- Government's offer of majority shareholding and management control.
- Strategic goals for privatizing power distribution companies.
ISLAMABAD: The Privatisation Commission has extended the deadline for the submission of Expressions of Interest (EOIs) from investors seeking to participate in the privatisation of the Faisalabad Electric Supply Company (FESCO) and the Gujranwala Electric Power Company (GEPCO) under the government’s Batch-I DISCOs privatisation programme.
The revised deadlines are as follows:
FESCO: August 7, 2026, GEPCO: August 21, 2026.
However, the deadline for the submission of EOI for the Islamabad Electric Supply Company (IESCO) remains the same, which is September 7th, 2026.
The extension has been granted in response to requests from prospective investors to allow additional time for completing their internal evaluations and preparing comprehensive submissions.
The government of Pakistan is offering 51% to 100% shareholding, together with management control, in the privatisation of the first batch of distribution companies as part of its broader economic reform and privatisation agenda. The objective is to attract strategic investors capable of enhancing operational efficiency, improving service delivery, reducing losses, and strengthening the country’s power distribution sector.
Copyright Business Recorder, 2026
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