The Privatization Commission of Pakistan has extended the deadline for the submission of Expressions of Interest (EOIs) for the privatization of Faisalabad Electric Supply Company (FESCO) and Gujranwala Electric Power Company (GEPCO) under the Government’s Batch-I DISCOs privatization programme.
Privatization Commission extends deadline for submission of EOIs for FESCO, GEPCO
ISLAMABAD, Jul 01 (APP): The Privatization Commission of Pakistan has extended the deadline for the submission of Expressions of Interest (EOIs) for the privatization of Faisalabad Electric Supply Company (FESCO) and Gujranwala Electric Power Company (GEPCO) under the Government’s Batch-I DISCOs privatization programme.
The revised deadlines are as follows, FESCO: August 7, and GEPCO: August 21, 2026, said a press release issued by the Privatization Commission on Wednesday.
However the deadline for the submission of EOI for the Islamabad Electric Supply Company (IESCO) remains the same which is September 7th, 2026, it added.
The extension has been granted in response to requests from prospective investors to allow additional time for completing their internal evaluations and preparing comprehensive submissions.
The government is offering 51% to 100% shareholding, together with management control, in the privatization of first batch of distribution companies as part of its broader economic reform and privatization agenda.
The objective is to attract strategic investors capable of enhancing operational efficiency, improving service delivery, reducing losses, and strengthening the country’s power distribution sector.
The Privatization Commission remains committed to conducting a transparent, competitive, and investor-friendly process that encourages broad participation from qualified local and international investors.
Interested parties may obtain further information from the Privatization Commission or its Financial Advisor, Alvarez & Marsal Middle East Limited, and submit their EOIs by the revised deadlines.
