Privatisation body extends deadline for EOIs

ISLAMABAD:

The Privatisation Commission has extended the deadline for the submission of Expressions of Interest (EOIs) for the privatisation of Faisalabad Electric Supply Company (Fesco) and Gujranwala Electric Power Company (Gepco) under the batch-I DISCOs sell-off programme.

The revised deadlines are August 7 for Fesco and August 21 for Gepco, said a press release issued by the commission on Wednesday. However, the deadline for the submission of EOIs for the Islamabad Electric Supply Company remains the same, which is September 7, 2026.

The extension has been granted in response to requests from prospective investors, who are seeking additional time to complete their internal evaluations and prepare comprehensive proposals.

The government is offering 51% to 100% shareholding, together with management control, in the privatisation of the first batch of power distribution companies as part of a broader economic reform and privatisation 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 Privatisation Commission says it remains committed to conducting a transparent, competitive and investor-friendly process that encourages broad participation from qualified local and international investors.