Pakistan has launched a major energy sector reform initiative by inviting investors to participate in the privatisation of leading electricity distribution companies. The government announced plans for the partial or complete sale of three major DISCOs.
The companies included in the process are Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO).
Officials said IESCO among the selected companies reflects its strong financial position and operational importance. These companies are considered some of the most profitable electricity distributors in Pakistan.
Together, the three DISCOs provide electricity services to more than 14 million consumers. Their operations cover Punjab, Islamabad Capital Territory, and parts of Azad Jammu and Kashmir.
The government stated that IESCO among these firms represents a major opportunity for local and international investors. Authorities believe the move can improve efficiency and attract fresh investment into the energy sector.
The companies were originally separated from WAPDA in 1998 under a restructuring plan. Privatisation was expected within a few years, but the process remained delayed for decades.
Now, the government has revived the initiative as part of wider economic reforms. Officials say the programme is linked to structural benchmarks agreed with the International Monetary Fund (IMF).
Under the proposed framework, investors may acquire between 51 percent and 100 percent ownership. This also includes full management control of the selected companies.
Authorities explained that IESCO among the targeted firms makes the process especially significant due to its strategic role in supplying electricity to urban and commercial areas.
The Privatisation Commission has also announced separate deadlines for expressions of interest. Investors must submit independent applications for each company.
According to officials, the deadline for FESCO applications is July 7, 2026. GEPCO submissions are due by August 6, while IESCO applications must be filed by September 7.
The government said investors may apply individually or through consortiums if they meet eligibility requirements. Each company will be evaluated separately under the transaction process.
Energy experts believe the privatisation could improve service delivery and reduce financial pressure on the power sector. The companies operate large electricity networks serving industrial and densely populated regions.
Officials added that IESCO among the major DISCOs highlights its importance in Pakistan’s national energy infrastructure and future economic reforms.
In other news read more about: Pakistan Moves Ahead With Complete Privatization of Three Power Distribution Companies
