Fesco Private­isation Draws 12 Expressions of Interest from Domestic and International Investors, Including Turkish, Chinese and Pakistani Firms.

The Privatisation Commission said it received twelve expressions of interest, or EOIs, to acquire a majority stake of 51%‑100% in Faisalabad Electric Supply Company (Fesco). Each EOI also asks for management control. Three Turkish firms – Aktor Elektrik Enerji Yatırımları San. ve Tic. A.Ş., Genvera Enerji A.Ş. (Celik Group) and Cengiz Enerji Sanayii ve Ticaret A.Ş. – submitted EOIs. A single Chinese company, Jiang Xi Electric Power Construction, also applied. Eight Pakistani groups expressed interest: Engro Energy Limited, Sapphire Fibers Limited, Hub Power Holdings, Lucky Cement, Shirazi Investments (Pvt) Limited (Atlas Group), Maple Leaf Cement and Kohinoor Textile, Nishat Mills Limited, Pak Elektron Ltd, Artistic Milliners (Private) Limited and K‑Electric Limited. Commission chairman Muhammad Ali welcomed the broad interest. He said that the response shows investor confidence in Pakistan’s electricity distribution sector and the government’s commitment to a transparent, competitive process. He added that the committee will review all EOIs and Statements of Qualification (SOQs) against pre‑qualification criteria. Successful applicants will next gain access to a Virtual Data Room to conduct detailed due‑diligence. Fesco is one of three distribution companies in the Disco Batch‑I privatisation group, together with Gujranwala Electric Power Company (GEPCO) and Islamabad Electric Supply Company (IESCO). The Commission aims to improve operational efficiency, modernise infrastructure, strengthen customer service, reduce losses and support a financially sustainable power sector. The privatisation, which is part of a wider reform agenda, will be carried out in the public interest and in a competitive manner.