The Faisalabad Electric Supply Company (FESCO) has decided to auction obsolete, unserviceable and discarded equipment lying in its stores and warehouses through an electronic auction system on June 29, 2026 for ensuring transparency, good governance and digitalization in line with government policy.
FESCO to auction obsolete assets through digital e-bidding system on June 29
FAISALABAD, Jun 11 (APP): The Faisalabad Electric Supply Company (FESCO) has decided to auction obsolete, unserviceable and discarded equipment lying in its stores and warehouses through an electronic auction system on June 29, 2026 for ensuring transparency, good governance and digitalization in line with government policy.
FESCO spokesman Muhammad Saeed Raza said here on Thursday that the e-auction will be conducted through the modern EPAD 2.0 system on an “as-is, where-is” basis to convert inactive assets into financial resources and further improve the utility’s operational efficiency.
He said that the auction would include single-phase, three-phase and MDI meter scrap, transformer scrap, unserviceable tyres, empty iron drums, damaged disc insulators, obsolete 11KV and 132KV capacitors and switchgear, defective tools and plants (T&P), iron scrap, beams, poles and other discarded electrical equipment.
He said that the material is available at various FESCO facilities including Regional Store Faisalabad, TRW Workshop Faisalabad, C-Type Store Ludhay Wala Sargodha, Central Warehouse Nishatabad and C-Type Store Samundri. The interested bidders may inspect the material during office hours before the scheduled auction date, he added.
He said that bids for the e-auction would be received up to 11 a.m. on June 29, 2026 while the submitted bids would be opened on the same day at 11:30 a.m. through the digital platform.
He said that the initiative reflects FESCO’s commitment to transparency, accountability and the adoption of modern digital systems.
By conducting the auction through EPAD, the company aims to ensure completely transparent bidding process while securing better financial returns from the disposal of surplus and obsolete assets, he added.
He said that the revenue generated from the sale of scrap and unusable material would strengthen financial resources of the company and reduce recurring expenses incurred on storage, maintenance and handling of non-functional equipment.
The additional funds could be utilized for the procurement of modern and efficient equipment and facilities, ultimately contributing to improved service delivery for electricity consumers across the region, he added.
He further said that every bidder would be required to submit the prescribed earnest money in the form of a bank draft, pay order, Call Deposit Receipt (CDR) or banker’s cheque in favor of the Chief Executive Officer FESCO before participating in the auction. The bids submitted without the required security deposit would be rejected, he added.
He said that the earnest money of unsuccessful bidders would be refunded after completion of the auction process. Detailed information regarding the auction is also available on the PPRA and FESCO websites, he added.
