The Government of Pakistan has formally invited expressions of interest from investors for the privatization of three major electricity distribution companies: Faisalabad Electric Supply Company, Gujranwala Electric Power Company, and Islamabad Electric Supply Company.

Officials from the Privatization Commission said the plan involves divesting between 51 percent and full ownership stakes in the companies, along with transferring management control to private investors.

The submission deadlines have been staggered, with FESCO set for July 7, 2026, GEPCO for August 6, 2026, and IESCO for September 7, 2026.

Applicants are required to submit a non-refundable processing fee of Rs. 1.4 million per bid.

To facilitate interested parties, an online briefing session will be conducted on June 3, 2026, via Zoom, where the process and requirements will be explained.

Together, the three utilities serve millions of consumers across Punjab, Islamabad, Rawalpindi, and parts of Azad Jammu and Kashmir.

The government says the privatization initiative is aimed at improving efficiency in the power sector, attracting fresh investment, and easing pressure from rising circular debt.