🔥 Gündem Gepco Privatization: International Interest and Restructuring Plans

The privatization of Gujranwala Electric Power Company (GEPCO) has garnered significant interest from both domestic and international investors, with 11 entities submitting Expressions of Interest (EOIs) ⁴⁵⁷. This strong response marks a key development in Pakistan's broader DISCO (Distribution Company) privatization drive ⁹¹⁰.

Key Details of GEPCO Privatization

Investor Interest and Origin

As of August 2026, 11 prospective investors have submitted EOIs to acquire a stake in GEPCO ¹³. These investors include groups from Turkey, Saudi Arabia, and Pakistan's leading business conglomerates ⁵⁷⁸. This diverse interest highlights the international appeal of the privatization initiative ⁴.

Proposed Stake Acquisition

The Privatisation Commission (PC) has confirmed that the bidding investors are seeking to acquire a significant shareholding, ranging from 51% to 100% of GEPCO ¹³⁷. Crucially, this acquisition also includes full management control of the company, indicating a comprehensive transfer of ownership and operational responsibility ¹¹⁰.

Government's Objectives

The Pakistani government aims to transfer between 51% and 100% ownership, along with management control, to the private sector ³. This move is part of a larger strategy to privatize state-owned distribution companies and improve their efficiency and service delivery.

Broader Privatization Context

GEPCO is one of three power distributors included in the government's initial privatization batch ⁶. The other two are:

• FESCO (Faisalabad Electric Supply Company): FESCO received 12 EOIs by its deadline of August 7, 2026. These included bids from three Turkish consortiums, a Chinese investor group, and eight Pakistani business groups ²⁶.
• IESCO (Islamabad Electric Supply Company): The deadline for submitting EOIs for IESCO is September 7, 2026 ².

The Privatisation Commission has emphasized its commitment to maintaining an open, transparent, and competitive process throughout the privatization of these entities ².