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Privatisation Commission receives 12 bids for Faisalabad Electric Supply Company

Privatisation Commission receives 12 bids for Faisalabad Electric Supply Company
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At a glance

  • 12 expressions of interest received for Fesco privatisation.
  • Bidders include investors from Pakistan, Turkiye, and China.
  • The sale involves a 51% to 100% stake with management control.

Story so far

The government is proceeding with the privatisation of state-owned enterprises, including power distribution companies (Discos). The Faisalabad Electric Supply Company (Fesco) is a key part of this plan, with the Privatisation Commission conducting domestic and international roadshows over the past six months to attract investors.

Latest development

The Privatisation Commission announced it has received 12 expressions of interest from domestic and international investors for the privatisation of the Faisalabad Electric Supply Company (Fesco). The bids are for a stake of 51% to 100% along with management control.

Sources and updates

Dunya News - Youtube

FESCO Privatization Decision Finalized | Major Update for Consumers! Dunya News

Categories: Business & Economy
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