Islamabad (Commerce Desk) — China, Qatar, Saudi Arabia, and Turkey have expressed interest in investing in the privatization process of Pakistan’s power distribution companies (DISCOs).
According to the government plan, these countries may participate in the acquisition of electricity distribution companies in partnership with local investors.
The government has decided to sell 51% to 100% shares of companies including FESCO, GEPCO, and IESCO.
During a meeting of the Standing Committee on Privatization chaired by Senator Afnanullah, officials of the Privatization Commission briefed participants on the plan.
The committee was informed that the federal cabinet has already approved the transaction structure for the privatization of these companies.
Officials said roadshows will be held in different countries to attract investors, but a single investor will not be allowed to purchase more than one DISCO.
According to the Privatization Commission, the deadline for expressions of interest for FESCO is July 7, while the process for other companies will be completed in phases by August and September.