ISLAMABAD: The Privatisation Commission Tuesday signed a Financial Advisory Services Agreement (FASA) with the consortium led by M/S Alvarez & Marsal Middle East Limited and including International Consulting Associates (Pvt) Limited (iConsult), Yousuf Adil Chartered Accountants, Vellani & Vellani, Power Planners International (Pvt) Ltd and NEOS Group Inc marking a significant step towards private sector participation in three key Distribution Companies (DISCOs), Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO) and Islamabad Electric Supply Company (IESCO).
The ceremony was attended by senior officials of the Privatisation Commission and A&M Consortium. This strategic initiative aligns with the government’s commitment to improving efficiency, reducing losses, and ensuring long-term sustainability in the power distribution sector.
Under the agreement, the A&M Consortium will provide expert financial advisory services to facilitate private sector investment in FESCO, GEPCO and IESCO.
Private sector participation: PD urges Nepra to amend licencing regulations of Discos
The consortium will conduct due diligence, carry out market sounding and investor outreach, develop transaction structures, recommend sequencing of the transactions and assist in the bidding process to attract credible private sector investor interest in privatisation of the three DISCOs.
The participation of the private sector in DISCOs is expected to bring operational improvements, better service quality for consumers and a more financially sustainable electricity distribution framework.
The Privatisation Commission, in collaboration with all relevant stakeholders, will ensure a transparent and competitive process in line with best international practices.
The Privatisation Commission secretary thanked all the stakeholders including the evaluation committee members and Power Division for their contributions during the procurement process.
He emphasised the need for a whole-of-government approach in successful implementation of the privatisation programme and attracting private sector investments. The privatisation of Batch-1 of DISCOs is expected to be completed by end of year 2025.
Copyright Business Recorder, 2025
Related News
11 Feb, 2025
My Co-Worker Wears Very Tight Pants. I S . . .
26 Feb, 2025
Bad night for Villa as top 4 hopes suffe . . .
12 Mar, 2025
Work more on university-industry linkage . . .
26 Mar, 2025
IPL 2025: Pitch was just holding a bit, . . .
13 Mar, 2025
Chloe Madeley appears sad as she is spot . . .
13 Feb, 2025
திருமணம் செய்யக்கோரி மிரட்டியதால் 13 வயத . . .
15 Mar, 2025
Man, 18, is killed in road crash that le . . .
01 Apr, 2025
Elon Musk's DOGE Shuts Down USAID In Rad . . .