The federal government on Thursday formally initiated the privatising process of power distribution companies also known as Discos.
Proposals have also been sought for appointing financial advisors for the privatisation of three distribution companies in the first phase.
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The Faisalabad Electric Supply Corporation (FESCO), Islamabad Electric Supply Company (IESCO), and Gujranwala Electric Power Company (GEPCO) will be privatised in the first phase.
The Privatisation Commission invited requests for proposals from interested parties, with a deadline of September 16, 2024. Advertisements seeking applications have also been published in international newspapers.
Applicants will also be required to pay a processing fee of $1,000.
