The Privatization Commission (PC) Board has prequalified 10 parties to participate in the next stage of the Faisalabad Electric Supply Company (FESCO) privatization process.
The decision was made during the 258th meeting of the PC Board, chaired by Adviser to the Prime Minister on Privatization Muhammad Ali.
The board was informed that 12 Expressions of Interest (EOIs) had been submitted for FESCO. Following an evaluation against the approved criteria, the Financial Adviser recommended 10 parties for prequalification.
The approved bidders are:
- Aktor Elektrik Enerji Yatirimlari San. Ve Tic. A.S.
- Genvera Enerji A.S.
- Cengiz Enerji Sanayii Ve Ticaret A.S.
- Engro Energy Limited
- Sapphire Fibres Limited
- Hub Power Holdings Consortium, comprising Lucky Cement, Kohat Cement and Metro Ventures
- Shirazi Investments (Pvt) Limited
- Maple Leaf Cement Factory Limited Consortium with Kohinoor Textile Mills
- Pakgen Limited Consortium, comprising Nishat Mills, Nishat Power, Nishat Chunian, Lalpir, Pak Elektron and Kohinoor Energy
- Artistic Milliners (Pvt) Limited
The prequalified parties will now proceed to the next phase, which includes access to FESCO’s Virtual Data Room for detailed due diligence.
The Privatization Commission said the process would continue under a transparent and competitive framework, with the aim of maximizing value for the government and the public.
