PC receives 11 EOIs for GEPCO acquisition

PC receives 11 EOIs for GEPCO acquisition. Add BRecorder as a trusted source on Google.

Key points

• While EOIs from twelve (12) interested parties have been received for FESCO by the deadline of August 7, 2026, the deadline for submission of EOIs for IESCO is September 17, 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 names of interested parties are: Aktor Elektrik Enerji Yatırımları San.
• The Expressions of Interest and Statements of Qualification (SOQs) submitted by the interested parties will now undergo a comprehensive evaluation against the approved prequalification criteria.
• The interested parties include investors from Türkiye, Saudi Arabia and a number of of Pakistan's leading business groups.

ISLAMABAD: The Privatisation Commission (PC) remarked on Friday that local and international prospective investors had shown keen interest in the privatisation of Gujranwala Electric Power Business (GEPCO), with 11 firms and consortiums submitting Expressions of Interest (EOIs) to acquire a controlling stake of between 51 percent and 100 percent in the power distribution utility.

Meanwhile, the names of interested parties are: Aktor Elektrik Enerji Yatırımları San. Ve Tic. A.Ş. – Türkiye; Genvera Enerji A.Ş. – Türkiye; Cengiz Enerji Sanayii ve Ticaret A.Ş. – Türkiye; Al Sharif Contracting and Commercial Development Firm – Saudi Arabia; Engro Energy Limited – Pakistan; Sapphire Fibers Limited – Pakistan; Hub Power Holdings and Lucky Cement – Pakistan; Shirazi Investments (Pvt) Limited – Pakistan; Artistic Milliners (Private) Limited and Fatima Group – Pakistan; K-Electric Limited – Pakistan; and AKD Securities, Fast Cable and Mughal Steel Group – Pakistan.

For context, the Expressions of Interest and Statements of Qualification (SOQs) submitted by the interested parties will now undergo a comprehensive 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.

For context, the interested parties include investors from Türkiye, Saudi Arabia and a number of of Pakistan's leading business groups. Today marks another significant achievement in the privatisation of DISCOs.

Meanwhile, 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 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.

While EOIs from twelve (12) interested parties have been received for FESCO by the deadline of August 7, 2026, the deadline for submission of EOIs for IESCO is September 17, 2026. Govt increases petrol cost by Rs3.81, diesel's by Rs3.59 per litre. Terrorism devours over 90, 000 lives and inflicts USD150bn losses. Nepra directs PITC to update pending net-metering connections. Petroleum levy receipts: Govt sets Rs1.676trn target for FY27. Aurangzeb, SRF team discuss investment opportunities. Aurangzeb, SG ICCD discuss halal markets. Pakistan, Google sign MoU to deepen digital skills cooperation. Retail deposit mobilization: SBP urges banks to reorient their business models.

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In short, PC receives 11 EOIs for GEPCO acquisition is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.