PC to appoint FAs for more Discos to assess sell-off potential
ISLAMABAD: The Privatisation Commission (PC) has decided to appoint Financial Advisors (FAs) for four more power distribution companies—Hyderabad Electric Supply Company (HESCO), Sukkur Electric Power Company (SEPCO), Peshawar Electric Supply Company (PESCO), and Hazara Electric Supply Company (HAZECO)—to evaluate the potential for their privatisation.
The decision was made during a meeting of the PC Board, chaired by Muhammad Ali, Advisor to the Prime Minister on Privatisation. The board's recommendations will now be forwarded to the Cabinet Committee on Privatisation (CCoP), led by Deputy Prime Minister and Foreign Minister Senator Ishaq Dar.
Currently, three power distribution companies (DISCOs)—Islamabad Electric Supply Company (IESCO), Gujranwala Electric Power Company (GEPCO), and Faisalabad Electric Supply Company (FESCO)—are already in the privatisation pipeline, with Financial Advisors actively developing their privatisation models.
Discos' sell-off/provincialisation: PMO directs Power Div. to expedite consultations
In this second phase, the PC plans to engage FAs to advise on structuring private sector participation in HESCO and SEPCO. Proposals are now invited from qualified firms or consortia with proven experience in similar transactions.
Interested parties can access the Request for Proposal (RFP)—including Terms of Reference (ToRs), Evaluation Criteria, and a draft Financial Advisory Services Agreement (FASA)—at: https://privatisation.gov.pk/DISCOS-II.
Applicants must submit both Technical and Financial Proposals via email and courier, along with a non-refundable processing fee of $1,000 (or equivalent in PKR), as outlined in the RFP. The deadline for submissions is July 22, 2025.
The PC emphasized that this notice does not constitute a formal offer or commitment, and no express or implied warranties should be assumed.
Copyright Business Recorder, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
20 hours ago
- Business Recorder
Pak-UAE joint ministerial commission session today
ISLAMABD: Deputy Prime Minister/Foreign Minister Ishaq Dar will lead the Pakistani delegation to the 12th session of the Pakistan-UAE Joint Ministerial Commission (JMC), scheduled to take place in Abu Dhabi on Tuesday (today). The JMC serves as the highest institutionalised platform for bilateral cooperation between Pakistan and the UAE. The upcoming session will take forward the agenda of deepening strategic, economic, and development cooperation between the two brotherly countries, said the Foreign Office spokesperson in a statement on Monday. The Pakistani delegation, led by Dar, will comprise secretaries and senior officials from key ministries including Economic Affairs, Commerce, Energy, Maritime Affairs, and Interior. The UAE side will be led by Sheikh Abdullah bin Zayed Al Nahyan, deputy prime minister and minister of foreign affairs, along with high-level representation from relevant Emirati institutions. The session will review progress across multiple domains of bilateral cooperation and explore new avenues for collaboration in trade, investment, energy, infrastructure development and IT. A number of legal instruments are expected to be finalised during the session to institutionalise sectoral cooperation. The session will provide an important opportunity for both sides to align their economic priorities and unlock the potential of enhancing the scope of a mutually-beneficial partnership. Copyright Business Recorder, 2025
Business Recorder
21 hours ago
- Business Recorder
PC to appoint FAs for more Discos to assess sell-off potential
ISLAMABAD: The Privatisation Commission (PC) has decided to appoint Financial Advisors (FAs) for four more power distribution companies—Hyderabad Electric Supply Company (HESCO), Sukkur Electric Power Company (SEPCO), Peshawar Electric Supply Company (PESCO), and Hazara Electric Supply Company (HAZECO)—to evaluate the potential for their privatisation. The decision was made during a meeting of the PC Board, chaired by Muhammad Ali, Advisor to the Prime Minister on Privatisation. The board's recommendations will now be forwarded to the Cabinet Committee on Privatisation (CCoP), led by Deputy Prime Minister and Foreign Minister Senator Ishaq Dar. Currently, three power distribution companies (DISCOs)—Islamabad Electric Supply Company (IESCO), Gujranwala Electric Power Company (GEPCO), and Faisalabad Electric Supply Company (FESCO)—are already in the privatisation pipeline, with Financial Advisors actively developing their privatisation models. Discos' sell-off/provincialisation: PMO directs Power Div. to expedite consultations In this second phase, the PC plans to engage FAs to advise on structuring private sector participation in HESCO and SEPCO. Proposals are now invited from qualified firms or consortia with proven experience in similar transactions. Interested parties can access the Request for Proposal (RFP)—including Terms of Reference (ToRs), Evaluation Criteria, and a draft Financial Advisory Services Agreement (FASA)—at: Applicants must submit both Technical and Financial Proposals via email and courier, along with a non-refundable processing fee of $1,000 (or equivalent in PKR), as outlined in the RFP. The deadline for submissions is July 22, 2025. The PC emphasized that this notice does not constitute a formal offer or commitment, and no express or implied warranties should be assumed. Copyright Business Recorder, 2025
Express Tribune
a day ago
- Express Tribune
Dar in UAE to lead 12th JMC session
Deputy Prime Minister and Foreign Minister Ishaq Dar on Monday arrived in the UAE for the 12th session of Pakistan-UAE Joint Ministerial Commission (JMC). The session will be held in Abu Dhabi today. The 12th session of the Pak-UAE JMC is being held after 13 years, following its scheduling in October 2024. The last session was held in Islamabad from 6-7 Nov 2013. The JMC serves as the highest institutionalised platform for bilateral cooperation between Pakistan and the UAE, a DPM's Office statement said. The session will take forward the agenda of deepening strategic, economic and development cooperation between the two brotherly countries. Pakistan delegation led by the DPM/FM comprises secretaries and senior officials from key ministries including economic affairs, commerce, energy, maritime affairs and interior. The UAE side will be led by Deputy Prime Minister and Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan along with high-level representation from relevant Emirati institutions. The session will review progress across multiple domains of bilateral cooperation and explore new avenues for collaboration in trade, investment, energy, infrastructure development and IT. A number of legal instruments are expected to be finalized during the session to institutionalize sectoral cooperation. The session will provide an important opportunity for both sides to align their economic priorities and unlock the potential of enhancing scope of mutually beneficial partnership. With input from APP
