Key Takeaways
- Ten local and international investor groups show interest in purchasing IESCO.
- Three Turkish companies, including Aktor Elektrik Enerji Yatırımları, Genvera Enerji, and Cengiz Enerji, are among the interested parties.
- Seven Pakistani business groups and companies, such as Engro Energy Limited and Artistic Milliners Consortium, also express interest.
The Islamabad Electric Supply Company (IESCO) has attracted significant interest from both local and international investors as the government proceeds with its privatization process.
Three Turkish companies have shown particular interest, with Aktor Elektrik Enerji Yatırımları, Genvera Enerji, and Cengiz Enerji leading the pack.
Seven Pakistani business groups and companies, including Engro Energy Limited, Artistic Milliners Consortium, Hub Power Holding Consortium, Sapphire Fibres Limited, Novatex Limited, Bestway Cement Limited, and Hasnaat Brothers Construction Consortium, have also expressed interest.
The Artistic Milliners Consortium includes Lake City Holdings, Fatima Capital, Din Ventures, and Fazal Cloth Mills, while the Hub Power Holding Consortium comprises Lucky Cement, Kohat Cement, and Metro Ventures.
The Hasnaat Brothers Construction Consortium features Dhilal Holding Group, Pak Steel, Bio-Labs, and Farid Steel Casting.
IESCO, FESCO, and GEPCO are part of the first batch of distribution companies being considered under the government’s privatization program.
The move towards privatization is seen as a significant step in the restructuring of Pakistan’s energy sector, aimed at improving efficiency and service delivery.
The government’s privatization program is expected to bring in much-needed capital and expertise to the sector, potentially leading to better infrastructure and services.
