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Fesco Privatization Moves Forward | Pakistan News
Fesco’s privatization just took a major leap forward as the Privatisation Commission approved ten bidders after twelve applications, with K-Electric exiting due to last-minute paperwork woes and a Chinese firm falling short on translation deadlines. The final contenders include three Turkish firms and seven Pakistani giants like Engro Energy, Sapphire Fibres, Hub Power Holdings, Lucky Cement, Metro Ventures, and the powerhouse Pakgen consortium. With goals to modernize infrastructure, slash losses, and boost service, this is just the beginning — two more power companies are next in line for…
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