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Description / Scope of Work
The Government of Pakistan's Privatisation Commission invites expressions of interest for the privatisation of three major electricity distribution companies: Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO). The transaction involves the acquisition of 51% to 100% of share capital together with management control in each of the three Batch-I DISCOs. These are public limited companies established under the Companies Ordinance 1984, operating across Central Punjab including Faisalabad, Jhang, Toba Tek Singh, Chiniot, Sargodha, and Mianwali covering 44.3 square kilometres and serving 5.7 million consumers; Gujranwala, Sialkot, Narowal, Gujrat, Mandi Bahauddin and Hafiz Abad covering 17.2 square kilometres and serving 5.1 million consumers; and Islamabad, Rawalpindi, Jhelum, Attock, Chakwal and Azad Jammu & Kashmir covering 23.2 square kilometres and serving 4.1 million consumers. The transaction is being undertaken by the Federal Government of Pakistan.
Interested parties including companies, firms, body corporates and other legal entities registered in Pakistan or abroad may submit separate Expressions of Interest for each DISCO they wish to pursue. Bidders must submit one hard copy and one soft electronic copy in uncorrupted USB format to the Privatisation Commission. The non-refundable processing fee is USD 5,000 or PKR 1,400,000 per EOI per DISCO, payable by bank draft or postal order in favour of the Privatisation Commission. Expressions of Interest must include the name and background information of the interested party, copies of passports for foreign parties with 20% or more voting power, names and contact details of authorized representatives, and a signed confidentiality agreement available at the official privatisation portal.
The Expression of Interest must be submitted to the Director General (Admin), Privatisation Commission, 4th Floor, New Pak Secretariat Building, Kohsar Block, Constitution Avenue, Islamabad, Pakistan. Separate deadlines apply for each DISCO: FESCO deadline is 7th July 2026 at 16:00 hours PKT, GEPCO deadline is 6th August 2026 at 16:00 hours PKT, and IESCO deadline is 7th September 2026 at 16:00 hours PKT. The Government of Pakistan reserves the right to change these deadlines at its sole discretion. Further details and the signed confidentiality agreement template are available at https://privatisation.gov.pk/Batch-I-DISCOs-EOI.