Twelve investors submit expressions of interest as Pakistan accelerates electricity distribution sector reforms through the DISCOs privatisation programme.
Pakistan’s DISCOs privatisation programme has entered a significant new phase after the Privatisation Commission (PC) received an encouraging response from domestic and international investors for the sale of Faisalabad Electric Supply Company (FESCO).
The strong participation reflects growing investor confidence in Pakistan’s power sector reforms and the government’s efforts to modernise electricity distribution companies.
According to an official statement issued on Friday, the Privatisation Commission received 12 Expressions of Interest (EOIs) by the submission deadline from investors seeking to acquire between 51 percent and 100 percent shareholding, along with management control of FESCO.
The response marks an important milestone in the government’s broader strategy to privatise electricity distribution companies and improve operational performance across the sector.
The list of interested investors includes three companies from Türkiye, one from China, and eight from Pakistan.
Turkish firms expressing interest are Aktor Elektrik Enerji Yatirimlari San. ve Tic. A.S., Genvera Enerji A.S. (Celik Group), and Cengiz Enerji Sanayii ve Ticaret A.S. China’s Jiang Xi Electric Power Construction has also submitted an EOI.
Leading Pakistani business groups participating in the process include Engro Energy Limited, Sapphire Fibers Limited, Hub Power Holdings, Lucky Cement, Shirazi Investments (Atlas Group), Maple Leaf Cement, Kohinoor Textile, Nishat Mills Limited, Pak Elektron Limited, Artistic Milliners (Private) Limited, and K-Electric Limited. Their participation highlights the private sector’s interest in expanding its presence in Pakistan’s electricity distribution business.
The Privatisation Commission stated that the strong investor response follows extensive domestic and international roadshows conducted over the past six months to promote investment opportunities in the power sector.
Officials believe the level of participation demonstrates confidence in the government’s commitment to a transparent and competitive privatisation framework.
Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission, Muhammad Ali, described the response as a major step forward for the DISCOs privatisation initiative.
He noted that successful privatisation is expected to improve operational efficiency, modernise distribution infrastructure, strengthen customer services, reduce transmission and distribution losses, and contribute to the long-term financial sustainability of the power sector.
The Commission will now evaluate all Expressions of Interest and Statements of Qualification against approved prequalification criteria.
Investors meeting the required standards will be shortlisted and granted access to a Virtual Data Room to conduct detailed due diligence before the next stage of the transaction.
FESCO is one of the three electricity distribution companies included in Batch-I of the DISCOs privatisation programme, alongside Gujranwala Electric Power Company (GEPCO) and Islamabad Electric Supply Company (IESCO).
The deadlines for submitting EOIs for GEPCO and IESCO are August 21, 2026, and September 7, 2026, respectively.
The government maintains that the privatisation process will remain transparent, competitive, and aligned with its broader agenda of reforming Pakistan’s power sector.