Islamabad, 19 May 2026: The Government of Pakistan, through the Privatisation Commission, has formally invited Expressions of Interest (EOIs) from local and international investors for the privatisation of three major electricity distribution companies (DISCOs): Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO).
The transaction offers investors the opportunity to acquire between 51% and 100% shareholding together with management control in each of the three distribution companies. The initiative forms part of the Government’s broader economic reform agenda aimed at improving efficiency, strengthening service delivery, attracting foreign and domestic investment, and promoting sustainable growth in Pakistan’s power sector.
FESCO, GEPCO and IESCO collectively serve more than 14 million consumers across major industrial, commercial and urban centers of Punjab and the Islamabad region. These entities operate extensive electricity distribution networks covering key economic corridors and represent strategically important assets within Pakistan’s energy landscape.
The Privatisation Commission stated that the process is being undertaken in a transparent, competitive and investor-friendly manner in accordance with international best practices. Interested parties may participate individually or as part of a consortium, subject to the qualification criteria outlined in the Request for Statement of Qualification (RSOQ) documents.
According to the EOI notice, separate submissions are required for each DISCO. The deadlines for submission are:
- FESCO: 7 July 2026
- GEPCO: 6 August 2026
- IESCO: 7 September 2026
An online investor briefing will also be conducted jointly by the Privatisation Commission and the Financial Advisor to highlight investment opportunities, transaction structure and procedural requirements for interested investors.
The Privatisation Commission will engage with potential investors and power sector stakeholders to refine the existing DISCO tariff structure, MYT regime, business model, and framework for competitive suppliers. The proposed reforms aim to create a performance and efficiency based return regime while enabling private sector buyers to leverage DISCO infrastructure and customer base for additional business opportunities. These measures are expected to support faster and more effective private sector participation in Pakistan’s power supply business.
The Government of Pakistan views the privatisation of power distribution companies as a critical step toward modernising the energy sector, reducing inefficiencies, encouraging private-sector participation and enhancing consumer service standards. The initiative is expected to contribute positively to fiscal sustainability, energy sector reforms and long-term economic stability.
The Privatisation Commission emphasises that Pakistan remains committed to creating a predictable and enabling investment environment supported by policy continuity, regulatory transparency and institutional reforms.
Detailed information regarding the transaction, qualification requirements and submission process is available on the official website of the Privatisation Commission.
Imran Ghaznavi
Spokesperson
Privatisation Commission of Pakistan
