ISLAMABAD: The Privatisation Commission has appointed financial advisers to oversee the divestment of Faisalabad, Gujranwala, and Islamabad power distribution companies (Discos) by the end of 2025.
On Tuesday, the commission signed a Financial Advisory Services Agreement (FASA) with a consortium led by Alvarez & Marsal Middle East Ltd. The consortium includes International Consulting Associates (iConsult), Yousuf Adil Chartered Accountants, Vellani & Vellani, Power Planners International Pvt Ltd, and NEOS Group Inc. This marks a key step toward increasing private sector participation in Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO).
The initiative aligns with the government’s strategy to enhance efficiency, reduce losses, and ensure long-term sustainability in the power distribution sector.
