The Privatisation Commission has received Expressions of Interest (EOIs) from 12 investors for Faisalabad Electric Supply Company (FESCO).
The investors seek a 51% to 100% stake in the power distributor. They also want management control.
The response marks strong interest in Pakistan’s electricity distribution sector. It also supports the government’s ongoing power sector reforms.
Chinese and Turkish Firms Join Race
The investor group includes three Turkish companies and one Chinese company.
The Turkish firms are Aktor Elektrik Enerji Yatırımları, Genvera Enerji and Cengiz Enerji. Meanwhile, Jiang Xi Electric Power Construction has joined from China.
In addition, eight major Pakistani business groups have submitted interest.
These include Engro Energy, Sapphire Fibers, Hub Power Holdings, Lucky Cement, Shirazi Investments, Maple Leaf Cement, Kohinoor Textile, Nishat Mills, Pak Elektron, Artistic Milliners and K-Electric.
Nishat Consortium Seeks FESCO Stake
A consortium led by Nishat Group has obtained the Request for Statement of Qualification (RSOQ) for the transaction.
The seven-member consortium includes Pakgen Limited, Lalpir Limited, Nishat Mills, Nishat Power, Nishat Chunian Power, Kohinoor Energy and Pak Elektron.
The members have appointed Pakgen Limited as the lead consortium member. It will represent the group during the privatisation process.
However, the consortium members said they have not assumed any binding obligation. The deal remains subject to prequalification and regulatory approvals.
Sapphire Fibres Also Enters Process
Sapphire Fibres has separately obtained the RSOQ for FESCO’s privatisation.
The company’s board has approved its participation in the transaction. However, the company has not yet assumed any binding obligation.
Sapphire Fibres also said it could form a consortium after securing the required approvals.
Strong Investor Interest
The Privatisation Commission said the response followed six months of domestic and international roadshows.
These efforts targeted potential strategic investors for FESCO and other distribution companies.
According to the commission, the participation of major Pakistani groups and international firms shows growing investor confidence.
Moreover, the government says it wants to maintain a transparent and competitive privatisation process.
Next Phase Focuses on Due Diligence
Adviser to the Prime Minister on Privatisation and Privatisation Commission Chairman Muhammad Ali described the response as an important milestone.
He said strong investor interest reflects confidence in Pakistan’s electricity distribution sector.
The commission will now evaluate the EOIs and Statements of Qualification against approved criteria.
Successful investors will then receive access to a Virtual Data Room (VDR). This will allow them to conduct detailed due diligence.
FESCO Part of DISCO Privatisation Plan
FESCO is one of three electricity distribution companies included in Batch-I of the federal government’s privatisation programme.
The other two companies are Gujranwala Electric Power Company (GEPCO) and Islamabad Electric Supply Company (IESCO).
The government has set August 21, 2026, as the EOI deadline for GEPCO. The deadline for IESCO is September 7, 2026.
The privatisation programme aims to improve operational efficiency and modernise electricity distribution. It could also help reduce system losses and improve customer services.
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