ISLAMABAD: In a key move to advance power sector reforms, the Privatisation Commission has initiated the process of appointing financial advisers for four state-owned electricity distribution companies (Discos) and two major power generation plants, marking a critical step towards the government’s broader privatisation agenda.
At a meeting chaired by Adviser to the Prime Minister on Privatisation, Muhammad Ali, the Privatisation Commission Board approved the launch of adviser selection for Hyderabad Electric Supply Company (Hesco), Sukkur Electric Power Company (Sepco), Peshawar Electric Supply Company (Pesco), and Hazara Electric Supply Company (Hazeco). These four Discos are earmarked for privatisation under the second phase of the programme.
In addition, the board cleared the appointment of financial advisers for the 747MW Guddu Power Plant and the 525MW Nandipur Power Plant, both of which are being prepared for potential divestment to the private sector.
The move aims to enhance efficiency, attract private investment, and reduce the government’s financial liabilities in the power sector. The board also reviewed progress on the first phase of privatisation, under which financial advisers have already been appointed for Faisalabad Electric Supply Company (Fesco), Gujranwala Electric Power Company (Gepco), and Islamabad Electric Supply Company (Iesco).
These steps reflect the government’s renewed commitment to restructuring Pakistan’s power sector by increasing private sector participation and improving service delivery across the distribution and generation landscape.
Story by Amin Ahmed
