ISLAMABAD – The Privatisation Commission (PC) has decided to hire Financial Advisors (FAs) for four additional 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 explore the possibility of their privatisation.
This decision was taken by the Board of the Privatisation Commission, chaired by the Advisor to the Prime Minister on Privatisation, Muhammad Ali. The Board’s recommendations will now be submitted to the Cabinet Committee on Privatisation (CCoP), headed by Deputy Prime Minister and Foreign Minister Senator Ishaq Dar.
Currently, three 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 engaged to prepare their privatisation models.
For the second phase, the PC plans to hire FAs to provide financial advisory services to structure private sector participation in HESCO and SEPCO. Proposals are invited from qualified firms or consortia with relevant experience in similar transactions.
Interested parties can access the detailed Request for Proposal (RFP) — including Terms of Reference (TORs), Evaluation Criteria, and the 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 PKR equivalent), as per the RFP instructions by July 22, 2025.
The PC has clarified that this notice does not constitute an offer or commitment, and no warranties, express or implied, should be assumed.
