The Government of Pakistan has invited expressions of interest (EOIs) from investors for the privatization of Faisalabad Electric Supply Company, Gujranwala Electric Power Company, and Islamabad Electric Supply Company.
Top sources in the Privatization Commission told ProPakistani that the government plans to sell between 51 and 100 percent of shares in these electricity distribution companies.
Under the proposed framework, successful private investors will also be given administrative control of the entities.
The deadline for submission of expressions of interest for FESCO has been set for July 7, 2026. For GEPCO, applications will be accepted until August 6, while interested investors in IESCO may apply until September 7, 2026.
The Privatization Commission has made it mandatory for applicants to submit a non-refundable processing fee of Rs. 1.4 million with each application.
An online briefing session on the privatization process will be held via Zoom on June 3, 2026, to guide potential investors on requirements and procedures.
FESCO currently serves more than 5.7 million consumers across central Punjab. GEPCO supplies electricity to Gujranwala, Sialkot, and surrounding districts, while IESCO provides power to Islamabad, Rawalpindi, and parts of Azad Jammu and Kashmir.
The government says the privatization initiative aims to attract investment, improve operational efficiency, and help reduce the country’s rising circular debt.
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