Privatisation Commission extends EOI deadlines for Fesco, Gepco sell-off
Investors now have until August 7 to submit interest for Fesco and August 21 for Gepco; Iesco deadline remains September 7, 2026
The Privatisation Commission has extended the deadline for submitting Expressions of Interest (EOIs) for the privatisation of Faisalabad Electric Supply Company (Fesco) and Gujranwala Electric Power Company (Gepco) under the first batch of power distribution companies marked for sell-off.
According to a press release issued by the commission, the revised deadline for Fesco is August 7, 2026, while investors interested in Gepco can submit EOIs by August 21, 2026.
The deadline for Islamabad Electric Supply Company (Iesco) remains unchanged at September 7, 2026.
The commission said the extension was granted after requests from prospective investors seeking more time to complete internal assessments and prepare detailed proposals.
The government is offering 51% to 100% shareholding, along with management control, in the first batch of distribution companies being privatised under its wider economic reform and privatisation programme.
The objective of the transaction is to attract strategic investors who can improve operational efficiency, enhance service delivery, reduce losses, and strengthen the country’s power distribution system.
The Privatisation Commission said it remains committed to holding a transparent, competitive and investor-friendly process to encourage participation from qualified local and international investors.
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