Key Takeaways
- The Privatisation Commission board approved nine prequalification candidates for Gepco.
- The process received 11 expressions of interest from various companies.
- The prequalified parties include Turkish energy companies and Pakistani business groups.
The Privatisation Commission board has approved the prequalification of nine parties interested in acquiring Gujranwala Electric Power Company (Gepco), according to a press release.
The board meeting, chaired by Adviser to the Prime Minister on Privatisation Muhammad Ali, was informed that 11 expressions of interest (EoIs) had been received for acquiring 51 per cent to 100 per cent shareholding, along with management control.
After evaluating the submissions against the approved prequalification criteria, the financial adviser recommended nine interested parties for prequalification and progression to the next stage of the transaction.
The prequalified parties include three Turkish energy companies, alongside leading Pakistani business groups and investment consortia, reflecting continued domestic and international investor interest in Pakistan’s electricity distribution sector.
The nine prequalified parties will now proceed to the next stage of the transaction under the approved process, including access to the Virtual Data Room (VDR) for detailed buy-side due diligence.
This move is part of Pakistan’s ongoing privatisation efforts, aimed at improving the efficiency and management of the country’s electricity distribution sector.
The Privatisation Commission’s decision is seen as a positive step towards ensuring transparency and fair competition in the acquisition process.
The next stage will involve a more detailed review of the prequalified parties’ proposals, with the final decision expected to be made in the coming months.
