GEPCO privatisation draws 11 investor bids, says Privatisation Commission

GEPCO privatisation draws 11 investor bids, notes Privatisation Commission.

Key points

• The deadline for submission of EOIs for IESCO is September 7, 2026 while EOIs from twelve (12) interested parties were received for FESCO by the deadline of August 7, 2026.
• GEPCO is among the three electricity distribution firms in DISCOs Batch-I, alongside Faisalabad Electric Supply Business (FESCO) and Islamabad Electric Supply Firm (IESCO).
• The Privatisation Commission has received an overwhelming response from domestic and international investors for the privatisation of Gujranwala Electric Power Firm.
• Interested parties include investors from Türkiye, Saudi Arabia, and Pakistan's leading business groups.
• Imran Khan moved back to Adiala Jail after medical check-up at PIMS: Tarar.

Notably, the Privatisation Commission received 11 Expressions of Interest from domestic and international investors for acquiring a majority stake in Gujranwala Electric Power Firm (GEPCO), aiming to improve the power sector. Expressions of Interest from 11 investors for GEPCO. International and domestic investors, including from Türkiye and Saudi Arabia. Government's goals for improving the electricity distribution sector. Add BRecorder as a trusted source on Google.

For context, the Privatisation Commission (PC) remarked on Friday it had received Expressions of Interest (EOIs) from 11 domestic and international investors for the acquisition of a 51%-100% stake in Gujranwala Electric Power Business (GEPCO), along with management control.

For context, the administration has been pursuing the privatisation of Pakistan's state-owned power distribution businesses (DISCOs) as part of a broader effort to improve operational efficiency, reduce electricity losses and attract private investment into the power sector.

"The Privatisation Commission has received an overwhelming response from domestic and international investors for the privatisation of Gujranwala Electric Power Firm. Today on the closing date for submission of Expressions of Interest, the Commission has received EOIs from eleven (11) prospective investors seeking to acquire 51% to 100% shareholding in GEPCO together with management control, " the PC remarked in an official note. The names of interested parties are as follows.

"Today marks another significant achievement in the privatisation of DISCOs. The solid response for GEPCO is indicative of investor confidence in the potential of Pakistan's electricity distribution sector and in the Government's commitment to a transparent, competitive and professionally managed process, " stated Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman, Privatisation Commission.

"We at Prviatisation Commission look forward to engaging constructively with the prequalified investors during the due-diligence phase and discussing the contours of the post-privatisation regime. This privatisation intends to improve operational efficiency, modernise distribution infrastructure, strengthen customer service, reduce losses and backing a more financially sustainable power sector. In the long run, these measures will support create the conditions for more competitive electricity distribution and affordable, reliable power for consumers, " he went on.

In practice, the Expressions of Interest and Statements of Qualification (SOQs) submitted by the interested parties will now undergo an evaluation against the approved prequalification criteria. Applicants session the prescribed requirements will be prequalified and invited to the next stage of the transaction, where they will be granted access to the Virtual Data Room (VDR) to undertake detailed buy-side due diligence.

Notably, the deadline for submission of EOIs for IESCO is September 7, 2026 while EOIs from twelve (12) interested parties were received for FESCO by the deadline of August 7, 2026. PD notes GEPCO crosses into single-digit line losses. PD to establish new SPV for privatisation of three Discos. Discos selloff must not repeat the Karachi experience. Imran Khan healthy but suffering anxiety due to isolation, notes sister. KSE-100 Index gains 575 points as buying returns to PSX.

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Taken together, the developments around GEPCO privatisation draws 11 investor bids, says Privatisation Commission point to a situation that is still moving, and the coming days should bring more clarity.