The Privatisation Commission (PC) has received a strong response from domestic and international investors for the proposed privatization of Faisalabad Electric Supply Company (FESCO), with 12 prospective investors and investor groups submitting Expressions of Interest (EOIs).
The investors are seeking to acquire between 51% and 100% shareholding in FESCO, along with management control, marking a major step forward in the government’s plan to privatize state-owned power distribution companies.
Investors From Pakistan, Türkiye and China
The 12 interested parties include three investors from Türkiye, one from China and eight from Pakistan.
The prospective investors are:
- Aktor Elektrik Enerji Yatırımları San. ve Tic. A.Ş. Türkiye
- Genvera Enerji A.Ş. (Celik Group) Türkiye
- Cengiz Enerji Sanayii ve Ticaret A.Ş. Türkiye
- Jiang Xi Electric Power Construction China
- Engro Energy Limited Pakistan
- Sapphire Fibres Limited Pakistan
- Hub Power Holdings and Lucky Cement Pakistan
- Shirazi Investments (Pvt) Limited (Atlas Group) Pakistan
- Maple Leaf Cement and Kohinoor Textile Pakistan
- Nishat Mills Limited and Pak Elektron Limited
- Artistic Milliners (Private) Limited
- K-Electric Limited
The participation of major Pakistani business groups alongside investors from Türkiye and China highlights significant private-sector interest in Pakistan’s electricity distribution market.
According to the Privatisation Commission, the Expressions of Interest and Statements of Qualification (SOQs)submitted by the investors will now undergo a detailed evaluation against the approved prequalification criteria.
Applicants meeting the requirements will be prequalified and invited to the next stage, where they will receive access to a Virtual Data Room (VDR) to conduct detailed due diligence on FESCO.
Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission, said the strong investor response represents an important milestone in the privatization of distribution companies.
He said the response reflects investor confidence in the potential of Pakistan’s electricity distribution sector and the government’s commitment to conducting a transparent and competitive process.
The government expects FESCO’s privatization to improve operational efficiency, modernize distribution infrastructure, strengthen customer service and reduce electricity losses.
The process is also intended to support a more financially sustainable power sector and, over the longer term, create conditions for more competitive electricity distribution and more affordable and reliable electricity for consumers.
FESCO is one of three electricity distribution companies included in Batch-I of the DISCO privatization programme, alongside Gujranwala Electric Power Company (GEPCO) and Islamabad Electric Supply Company (IESCO).
The deadline for submitting EOIs for GEPCO is August 21, 2026, while investors interested in IESCO have until September 7, 2026 to submit their EOIs.
The Privatisation Commission said it remains committed to an open, transparent and competitive privatization process as part of the federal government’s broader power-sector reform agenda.
