Press Release No.  01/2025

The Privatisation Commission has signed a Financial Advisory Services Agreement (FASA) on Tuesday 11^th February, 2025 with the Consortium led by M/S Alvarez & Marsal Middle East Limited and including International Consulting Associates (Pvt) Limited (iConsult), Yousuf Adil Chartered Accountants, Vellani & Vellani, Power Planners International Pvt. Ltd. and NEOS Group Inc. marking a significant step towards private sector participation in three key Distribution Companies (DISCOs), Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO) and Islamabad Electric Supply Company (IESCO). The ceremony was attended by Senior Officials of the Privatisation Commission and A&M Consortium. This strategic initiative aligns with the Government’s commitment to improving efficiency, reducing losses, and ensuring long-term sustainability in the power distribution sector.

Under the agreement, the A&M Consortium will provide expert financial advisory services to facilitate private sector investment in FESCO, GEPCO and IESCO. The consortium will conduct due diligence, carry out market sounding and investor outreach, develop transaction structures, recommend sequencing of the transactions and assist in the bidding process to attract credible private sector investor interest in privatisation of the three DISCOs.