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Pakistan FESCO privatization process

Updated 1 time since CLSTR started tracking revisions of this situation.

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2026-08-21 19:37 UTC → 2026-08-28 19:13 UTC · added removed

The Pakistan Privatisation Commission has initiated the sale of 51% to 100% ownership and management control of the Faisalabad Electric Supply Company (FESCO). This process is part of a first phase of power-sector privatization that includes the Gujranwala and Islamabad electric utilities. Initial interest in the FESCO sale included twelve expressions of interest from a mix of international and domestic entities. International bidders included three Turkish firms—Aktor Elektrik Enerji Yatırımları San. ve Tic. A.Ş., Genvera Enerji A.Ş. (Celik Group), and Cengiz Enerji Sanayii ve Ticaret A.Ş.—as well as the Chinese company Jiang Xi Electric Power Construction. Local bidders included several Pakistani business groups such as Engro Energy Limited and K-Electric Limited. As Following an evaluation of these expressions of interest, the process progressed, domestic interest expanded through Commission has shortlisted 10 bidders. The approved list includes the formation of consortia. JDW Sugar Mills Limited joined three Turkish energy companies—Aktor Elektrik Enerji Yatirimlari San. Ve Tic. A. S, Genvera Enerji A. S, and Cengiz Enerji Sanayii Ve Ticaret A. S—alongside seven Pakistani business groups, including Engro Energy, Sapphire Fibres, and Hub Power Holdings. Two potential bidders were excluded from the shortlist. K-Electric withdrew its application, citing an inability to provide audited financial statements due to a group led by Pakgen Limited pending multi-year tariff process. The Chinese firm Jiang Xi Electric Power Construction failed to participate meet prequalification requirements after failing to provide necessary documentation in English by the Request required deadline. The government intends for Statement of Qualification. This expanded consortium includes ten companies from the energy, manufacturing, and industrial sectors, such as Nishat Mills Limited these privatizations to address electricity losses, weak recoveries, and Kohinoor Energy Limited. mounting circular debt through private sector investment.

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  1. 2026-08-28 19:13 UTC Pakistan FESCO privatization process
  2. 2026-08-21 19:37 UTC Pakistan FESCO privatization process

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