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Pakistan power distribution privatization

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2026-08-04 20:04 UTC → 2026-08-21 14:56 UTC · added removed

In late July 2026 2026, Pakistan’s Privatisation Commission approved a restructuring framework for the first batch of state‑owned state-owned power distribution companies (DISCOs) slated for sale. The plan targets sale, including Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO) (GEPCO), and Islamabad Electric Supply Company (IESCO), setting specific deadlines for Expressions of Interest (IESCO). To maximize state value and creating ensure commercial viability, a special‑purpose government-owned special-purpose vehicle will be created to separate specific assets and liabilities. Auditors The Commission set deadlines for Expressions of Interest (EOI) for FESCO on 7 August, GEPCO on 21 August, and advisers were also appointed IESCO on 7 September 2026. By late August, the privatization process drew significant international and domestic interest. The Privatisation Commission reported receiving EOIs from 11 prospective investors for related airport privatisations. A week later, GEPCO, with bidders seeking between 51 percent and 100 percent stakes, including management control. International interest includes Saudi Arabia’s Al Sharif Contracting and Commercial Development Company and three Turkish firms: Aktor Elektrik Enerji Yatırımları, Genvera Enerji, and Cengiz Enerji. Local bidders include Engro Energy, Sapphire Fibers, and K-Electric. Concurrently, the Ministry of Privatization announced established a technical committee to examine evaluate whether the larger Lahore Electric Supply Company (LESCO) and Multan Electric Power Company (MEPCO) should be broken split into smaller entities before privatisation. The sale. This review will assess operational, financial aims to address high electricity theft, large distribution losses, and strategic factors, aiming weak bill-recovery rates to improve attractiveness make these utilities more attractive to investors. Concurrently, In parallel, LESCO has launched a merit‑based merit-based recruitment drive to strengthen modernize its workforce for network modernisation. Together, the snapshots show a phased approach: an initial privatisation of three DISCOs, followed by broader structural reviews of additional utilities to enhance the overall reform of Pakistan’s electricity distribution sector. and improve service quality.

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  1. 2026-08-21 14:56 UTC Pakistan power distribution privatization
  2. 2026-08-04 20:04 UTC Pakistan power distribution privatization

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