FESCO | Pakistan

ISLAMABAD: The Privatisation Commission (PC) on Friday said it had received a strong response from domestic and international investors for the privatisation of Faisalabad Electric Supply Company (Fesco). The commission said it had received 12 expressions of interest (EOIs) from prospective investors seeking to acquire a 51pc to 100pc stake in Fesco along with management control. The EOIs were submitted by three Turkish investors, one Chinese investor and eight local investors. The three from Turkiye include Aktor Elektrik Enerji Yatırımları San. ve Tic. A.Ş., Genvera Enerji A.Ş. (Celik Group) and ⁠Cengiz Enerji Sanayii ve Ticaret A.Ş. The EOI from China came from Jiang Xi Electric Power Construction. The remaining eight Pakistani groups include Engro Energy Limited, Sapphire Fibers Limited, Hub Power Holdings, Lucky Cement, Shirazi Investments (Pvt) Limited (Atlas Group), Maple Leaf Cement and Kohinoor Textile, Nishat Mills Limited and Pak Elektron Ltd, and Artistic Milliners (Private) Limited and K-Electric...

Faisalabad Electric Supply Company (FESCO) has launched the “Apna Meter, Apni Reading” program, aimed at empowering electricity consumers to take control of their monthly meter readings and ensure transparency in billing.