Privatisation Commission Receives 10 Expressions of Interest for IESCO

The Privatisation Commission has received 10 Expressions of Interest (EOIs) from domestic and international investors seeking to acquire a 51% to 100% stake in Islamabad Electric Supply Company (IESCO) along with management control.

 

The submissions mark the next stage in the government’s plan to privatise the first batch of electricity distribution companies (DISCOs), with IESCO attracting interest from investors based in Pakistan and Türkiye.

 

The interested parties include Aktor Elektrik Enerji Yatirimlari, Genvera Enerji, Cengiz Enerji, Engro Energy, as well as groups associated with Artistic Milliners, Hub Power Holding, Lucky Cement, Kohat Cement, Metro Ventures, Sapphire Fibres, Novatex, Bestway Cement and other investors.

 

IESCO is one of three DISCOs included in the first privatisation batch, alongside Faisalabad Electric Supply Company (FESCO) and Gujranwala Electric Power Company (GEPCO).

 

The Privatisation Commission said 10 parties have been prequalified for FESCO, while 11 EOIs received for GEPCO are currently undergoing prequalification evaluation.

 

According to the commission, the EOIs and Statements of Qualification submitted for IESCO will now be assessed against the approved prequalification criteria. Applicants meeting the requirements will proceed to the next stage and receive access to a Virtual Data Room (VDR) for detailed due diligence.

 

Privatisation Commission Chairman Muhammad Ali said the response from investors represented an important step in the DISCO privatisation process and reflected interest in Pakistan’s electricity distribution sector.

 

The government expects the privatisation process to support operational efficiency, distribution infrastructure upgrades, improved customer services and lower system losses, as part of broader efforts to strengthen the financial sustainability of the power sector.