The federal government has appointed Turkey-based Raiffeisen Investment as the financial adviser for the planned privatisation of Hyderabad Electric Supply Company (Hesco) and Sukkur Electric Power Company (Sepco).
As per reports, the Privatisation Commission (PC) signed a Financial Advisory Services Agreement (FASA) with Raiffeisen Investment Finansal Danismanlik Hizmetleri Limited Sirketi after the firm ranked first in a competitive bidding process involving international advisers.
The agreement positions Raiffeisen Investment as the sell-side adviser responsible for carrying out due diligence, market sounding, investor outreach, and transaction structuring. The firm will also assist the commission in running a transparent bidding process in line with government rules.
The two Discos were added to the second batch of companies being prepared for privatisation, following the first group, Iesco, Gepco and Fesco, for which Alvarez & Marsal Middle East Limited was appointed in February 2025.
At the signing ceremony, Prime Minister’s Adviser on Privatisation Muhammad Ali said a top-ranked adviser was essential for value maximisation, investor confidence and the credibility of the privatisation process. He added that the government aims to improve governance, service delivery and financial sustainability in the distribution sector.
The PC, in its statement, said that engaging Raiffeisen would help advance its plan to bring private-sector participation to the two utilities. It reiterated its commitment to conducting the Disco transactions in a professional and time-bound manner, with an emphasis on reducing losses and strengthening operational performance across the power network.
