Govt invites bids for privatisation of three Discos

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ISLAMABAD:

The government has formally invited expressions of interest from local and international investors for the privatisation of three major electricity distribution companies(DISCOs): Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO), according to a statement on Tuesday.

Investors can acquire between 51% and 100% shareholding with management control in each Discos. The three companies collectively serve more than 14 million consumers across major industrial, commercial and urban centres of Punjab and the Islamabad region.