GEPCO privatisation draws 11 investor bids, says Privatisation Commission

Business Recorder reported that the Privatisation Commission received 11 expressions of interest from domestic and foreign investors for a 51% to 100% stake in Gujranwala Electric Power Company (GEPCO), along with management control. The commission described the response as overwhelming after the submission window closed on Friday.

Investors from Türkiye and Saudi Arabia are among the bidders, alongside several large Pakistani groups, including Hub Power Holdings with Lucky Cement, K-Electric Limited and AKD Securities with Fast Cable and Mughal Steel Group. The government sees the sale as one step in a wider plan to lift efficiency, cut power losses and bring private money into electricity distribution.

The next phase will assess the Expressions of Interest and qualification statements against approved criteria. Those that satisfy the requirements advance to the next stage and gain access to a Virtual Data Room for buy-side due diligence. GEPCO is one of three companies in DISCOs Batch-I, alongside FESCO and IESCO; FESCO received 12 expressions of interest by August 7, 2026, while the IESCO deadline is September 7, 2026.