The Government of Pakistan has invited expressions of interest (EOIs) from investors for the privatization of three major electricity distribution companies: Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO).
According to officials from the Privatization Commission, the government is planning to divest between 51% and 100% of shares in these power distribution companies, along with transferring administrative control to successful private investors.
The deadline for submitting EOIs has been set in phases: July 7, 2026 for FESCO, August 6 for GEPCO, and September 7, 2026 for IESCO. Interested bidders are required to submit a non-refundable processing fee of Rs. 1.4 million with each application.
An online briefing session is also scheduled for June 3, 2026 via Zoom to guide potential investors on the requirements and submission process.
FESCO currently serves more than 5.7 million consumers across central Punjab. GEPCO supplies electricity to Gujranwala, Sialkot, and nearby districts, while IESCO covers Islamabad, Rawalpindi, and parts of Azad Jammu and Kashmir.
The government stated that the privatization plan aims to attract fresh investment, improve operational efficiency, and help reduce Pakistan’s growing circular debt burden.
