PC receives 11 EOIs for GEPCO acquisition

The Privatisation Commission said on Friday that 11 local and foreign firms and consortiums have lodged Expressions of Interest for Gujranwala Electric Power Company (GEPCO). The bidders are targeting a controlling holding ranging from 51 percent to 100 percent of the distribution utility, according to Business Recorder. Among the applicants are investors from Türkiye and Saudi Arabia, along with several prominent Pakistani business groups.

The submissions, including Statements of Qualification, will now be reviewed under the approved prequalification rules. Firms that meet the requirements will advance to the next stage, where they gain access to a virtual data room for detailed buy-side due diligence. The commission expects to hold talks with shortlisted investors on the framework that will apply after privatisation.

Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the commission, said the strong response reflected investor confidence in Pakistan's electricity distribution sector. He added that the sale aims to raise operational efficiency, cut losses and deliver more reliable power to consumers. GEPCO is one of three distributors in the first DISCOs batch, alongside FESCO and IESCO, and the EOI deadline for IESCO is September 17, 2026.