ISLAMABAD: The Cabinet Committee on Privatisation (CCoP), headed by Deputy Prime Minister/ Foreign Minister Senator Ishaq Dar, will meet on Tuesday (today) to approve the restructuring plan and Scheme of Arrangement (SoA) for the first batch of power distribution companies (Discos), including Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO) and Islamabad Electric Supply Company (IESCO), well-informed sources told Business Recorder.
The development marks a significant step forward in the government’s power-sector reform agenda, particularly the privatisation of Discos aimed at improving efficiency and reducing losses.
According to the Privatisation Commission (PC) it has received an overwhelming response from both domestic and international investors for the privatisation of FESCO. On the closing date for submission of Expressions of Interest (EOIs), a total of 12 investors expressed interest in acquiring between 51 percent and 100 percent shareholding, along with management control of the company.
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The interested parties include three from Türkiye, one from China, and eight from Pakistan.
These include Aktor Elektrik Enerji Yatirimlari, Genvera Enerji (Celik Group), Cengiz Enerji (Türkiye), Jiangxi Electric Power Construction (China), and major Pakistani groups such as Engro Energy Limited, Sapphire Fibers Limited, Hub Power Holdings in consortium with Lucky Cement, Shirazi Investments (Atlas Group), Maple Leaf Cement with Kohinoor Textile, Nishat Mills with Pak Elektron Limited, Artistic Milliners, and K-Electric Limited.
Sources said the Privatisation Commission had already given a detailed briefing on the transaction to Senator Ishaq Dar last week.
Officials noted that the strong investor response follows extensive engagement through local and international roadshows conducted over the past six months, reflecting growing confidence in Pakistan’s power-sector reforms.
Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission, Muhammad Ali, termed the development “an important milestone,” stating that the robust participation demonstrates investor confidence in both the electricity distribution sector and the government’s commitment to a transparent and competitive process.
He added that the next stage will involve engagement with prequalified investors, granting them access to a Virtual Data Room (VDR) for detailed due diligence. The privatisation process, he said, aims to improve operational efficiency, modernise infrastructure, enhance customer service, reduce system losses, and ensure long-term financial sustainability of the power sector.
FESCO is part of the first batch of Discos being privatised, alongside GEPCO and IESCO. The deadlines for submission of EOIs for GEPCO and IESCO are August 21, 2026, and September 7, 2026, respectively.
Copyright Business Recorder, 2026