LAHORE: The federal government has invited expressions of interest from investors for the privatization of electricity distribution companies, according to official documents issued by the Privatisation Commission.
As part of the plan, the government has decided to sell between 51 to 100 percent shares in Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO). Under the privatization process, private investors will also be given administrative control of the companies.
According to the schedule, the deadline for submitting expressions of interest for FESCO is July 7, 2026, while investors can apply for GEPCO until August 6, 2026. For IESCO, the last date for submission of bids has been set as September 7, 2026.
The documents state that a non-refundable fee of Rs 1.4 million is mandatory for each company’s application. An online briefing session regarding the privatization process will be held on June 3, 2026 via Zoom.
FESCO supplies electricity to around 5.7 million consumers in central Punjab, GEPCO serves multiple districts including Gujranwala and Sialkot, while IESCO provides electricity to about 4.1 million consumers in Islamabad, Rawalpindi and Azad Kashmir.
The government maintains that privatization will attract investment and help reduce circular debt, while experts believe both regional and international investors may show interest due to growing losses and rising debt in the energy sector.
