Divestment of three Discos begins

The privatisation process for three electricity distribution companies (Discos) began on Tuesday after a meeting jointly chaired by the privatisation and power ministers gave its go-ahead. The Privatisation Commission has invited technical and financial proposals for the appointment of financial advisers for private sector participation in three distribution companies — Islamabad Electric Supply Company (Iesco), Gujranwala Electric Power Company (Gepco) and Faisalabad Electric Supply Company (Fesco). Privatisation Minister Abdul Aleem Khan and Power Minister Sardar Awais Ahmad Khan Leghari chaired the meeting. Mr Aleem observed that the divestment of Discos will be completed in different phases, during which transparency and technical aspects must be considered.