ISLAMABAD: Pakistan has extended the deadlines for investors to submit expressions of interest (EOIs) for the privatisation of two major electricity distribution companies (Discos), giving prospective buyers additional time to prepare bids as the government presses ahead with its power sector reform agenda.
The Privatisation Commission said on Wednesday that investors seeking to acquire stakes in the Faisalabad Electric Supply Company (Fesco) now have until Aug. 7, instead of the earlier July 7 deadline, while the deadline for the Gujranwala Electric Power Company (Gepco) has been pushed to Aug 21 from Aug 6. The deadline for the Islamabad Electric Supply Company (Iesco) remains unchanged at Sept 7, 2026.
The commission said the extensions were granted after prospective investors requested additional time to conduct due diligence, assess the transactions and complete the required documentation.
The government launched the privatisation process for the three power distribution companies on May 19, inviting expressions of interest (EOIs) from local and international investors.
Fesco, Gepco and Iesco are widely regarded as the strongest performers among Pakistan’s 11 electricity distribution companies, which were established after the unbundling of the former Water and Power Development Authority (Wapda) in 1998.
Collectively, the three utilities supply electricity to more than 14 million consumers across Punjab, the Islamabad region and parts of Azad Kashmir.
