10 Investors Want to Buy IESCO

Meanwhile, the Islamabad Electric Supply Firm (IESCO) has attracted interest from 10 local and international investor groups as the administration moves ahead with its privatization process.

Key points

• The Hasnaat Brothers Construction Consortium includes Dhilal Holding Group, Pak Steel, Bio-Labs and Farid Steel Casting.
• The Artistic Milliners Consortium includes Lake City Holdings, Fatima Capital, Din Ventures and Fazal Cloth Mills.
• Three Turkish firms have expressed interest in IESCO: Aktor Elektrik Enerji Yatırımları, Genvera Enerji, and Cengiz Enerji.
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Three Turkish firms have expressed interest in IESCO: Aktor Elektrik Enerji Yatırımları, Genvera Enerji, and Cengiz Enerji. Electricity Generation Becomes More Expensive in August.

Seven Pakistani business groups and firms have additionally shown interest. These include Engro Energy Limited, Artistic Milliners Consortium, Hub Power Holding Consortium, Sapphire Fibres Limited, Novatex Limited, Bestway Cement Limited, and Hasnaat Brothers Construction Consortium.

For context, the Artistic Milliners Consortium includes Lake City Holdings, Fatima Capital, Din Ventures and Fazal Cloth Mills. The Hub Power Holding Consortium includes Lucky Cement, Kohat Cement and Metro Ventures.

Notably, the Hasnaat Brothers Construction Consortium includes Dhilal Holding Group, Pak Steel, Bio-Labs and Farid Steel Casting.

IESCO, FESCO and GEPCO are part of the first batch of distribution firms being considered under the government's privatization program. Stay Connected with ProPakistani.

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For now, 10 Investors Want to Buy IESCO remains the part of the story worth watching, and further updates are likely as more details are confirmed.