Shafaqna Pakistan: The Privatization Commission has extended the deadlines for submitting Expressions of Interest (EOIs) for the privatisation of Faisalabad Electric Supply Company (FESCO) and Gujranwala Electric Power Company (GEPCO) under the government’s Batch-I DISCOs privatisation programme.
According to a press release issued on Wednesday, the new deadline for FESCO is August 7, 2026, while EOIs for GEPCO must now be submitted by August 21, 2026.
The commission said the deadline for the Islamabad Electric Supply Company (IESCO) remains unchanged at September 7, 2026.
The extension was granted following requests from prospective investors seeking additional time to complete their internal evaluations and prepare comprehensive submissions.
The government is offering 51% to 100% shareholding, together with management control, in the privatization of first batch of distribution companies as part of its broader economic reform and privatization 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.
The Privatization Commission remains committed to conducting a transparent, competitive, and investor-friendly process that encourages broad participation from qualified local and international investors.
Interested parties may obtain further information from the Privatization Commission or its Financial Advisor, Alvarez & Marsal Middle East Limited, and submit their EOIs by the revised deadlines.
Source: Dunya News
