FAISALABAD, August 7, 2026: Twelve local and foreign investor groups have submitted expressions of interest for the privatisation of Faisalabad Electric Supply Company, with bidders from Pakistan, Türkiye and China seeking to acquire between 51 and 100 per cent of the utility’s shares.
The response marks a key stage in the federal government’s wider plan to privatise selected power distribution companies and attract private investment into Pakistan’s electricity sector.
According to available details, the Privatisation Commission described the level of investor interest in FESCO as an important milestone in the transaction process.
The submitted expressions of interest will now be reviewed before shortlisted groups are allowed to proceed to the next stage.
Investors to Get Access to Data Room
Pre-qualified bidders will be given access to a virtual data room to carry out due diligence on FESCO’s financial position, operations, assets and liabilities.
The due diligence process is expected to help investors assess the company before submitting binding bids.
The government is considering the sale of a controlling stake ranging from 51 per cent to full ownership, depending on the final transaction structure.
GEPCO and IESCO Privatisation Also Underway
The privatisation process for Gujranwala Electric Power Company and Islamabad Electric Supply Company is also moving forward as part of the same reform programme.
The government has been seeking private-sector participation in power distribution to improve operational efficiency, reduce losses and ease the financial burden of the electricity sector.
Further details on the names of interested groups and the transaction timeline are expected after the pre-qualification stage is completed.
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FESCO privatisation has attracted 12 investor groups from Pakistan, Türkiye and China seeking to buy between 51% and 100% of the utility.
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