11 Saudi, Turkish and Pakistani Investors Want to Buy GEPCO

In practice, the privatization of Gujranwala Electric Power Firm (GEPCO) has attracted robust interest from domestic and international investors, with 11 prospective investors submitting Expressions of Interest (EOIs) to acquire between 51 percent and 100 percent of the firm along with management control.

Key points

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• GEPCO is one of three distribution firms included in the first batch of the government's DISCO privatization program, alongside Faisalabad Electric Supply Business and Islamabad Electric Supply Firm.
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• The Privatisation Commission received the EOIs on Friday, the closing date for submissions, marking another major step in the government's plan to privatize electricity distribution firms.
• The interested parties include three Turkish firms, one Saudi Arabian business and a number of leading Pakistani business groups.

Notably, the Privatisation Commission received the EOIs on Friday, the closing date for submissions, marking another major step in the government's plan to privatize electricity distribution firms. Crypto Firms Can Now Apply for Licenses in Pakistan.

In practice, the interested parties include three Turkish firms, one Saudi Arabian business and a number of leading Pakistani business groups. The Turkish investors are Aktor Elektrik Enerji Yatırımları, Genvera Enerji, and Cengiz Enerji. Saudi Arabia's Al Sharif Contracting and Commercial Development Firm has additionally expressed interest.

Pakistani investors include Engro Energy, Sapphire Fibers, Hub Power Holdings and Lucky Cement, Shirazi Investments, Artistic Milliners and Fatima Group, K Electric, and a consortium comprising AKD Securities, Fast Cable and Mughal Steel Group.

Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission, remarked the robust response reflected investor confidence in Pakistan's electricity distribution sector and the government's commitment to a transparent and competitive privatization process.

In practice, the EOIs and Statements of Qualification submitted by the investors will now be evaluated against the approved prequalification criteria. Qualified investors will move to the next stage and receive access to the Virtual Data Room to conduct detailed due diligence. Govt Intends New Rs. 250 Billion Entity for FESCO, GEPCO, IESCO Sale.

GEPCO is one of three distribution firms included in the first batch of the government's DISCO privatization program, alongside Faisalabad Electric Supply Business and Islamabad Electric Supply Firm. While 12 interested parties had submitted EOIs for FESCO by the August 7 deadline, the deadline for IESCO EOIs is September 7, 2026.

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In short, 11 Saudi, Turkish and Pakistani Investors Want to Buy GEPCO is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.