ISLAMABAD: The Privatisation Commission has extended the deadline for the submission of Expressions of Interest (EOIs) from investors for the privatisation of Faisalabad Electric Supply Company (FESCO) and Gujranwala Electric Power Company (GEPCO) under the government’s Batch-I DISCOs Privatisation Programme.
Under the revised schedule, EOIs for FESCO can now be submitted until August 7, 2026, while the deadline for GEPCO has been extended to August 21, 2026.
The Commission clarified that the deadline for the Islamabad Electric Supply Company (IESCO) remains unchanged, with EOIs due by September 7, 2026.
According to the Privatisation Commission, the extensions were granted in response to requests from prospective investors seeking additional time to complete internal evaluations, conduct due diligence, and prepare comprehensive submissions.
As part of Pakistan’s broader economic reform and privatisation strategy, the government is offering 51% to 100% shareholding, along with management control, in the first batch of power distribution companies (DISCOs).
The initiative aims to attract strategic investors capable of improving operational efficiency, enhancing service quality, reducing transmission and distribution losses, and strengthening the overall performance and financial sustainability of Pakistan’s power distribution sector.
Story by Wasim Iqbal
