Lahore: Pak Elektron Limited has announced its participation in a consortium for the divestment of Faisalabad Electric Supply Company (FESCO) through privatisation, according to a report issued on August 6, 2026. The initiative is spearheaded by the Privatisation Commission, and the board of directors of Pak Elektron Limited has approved the company's involvement in the consortium.

The consortium includes Pak Elektron Limited, Pakgen Limited (formerly Pakgen Power Limited), Lalpir Limited (formerly Lalpir Power Limited), Nishat Power Limited, Nishat Chunian Power Limited, Nishat Mills Limited, and Kohinoor Energy Limited. Pakgen Limited has been designated as the lead consortium member. This designation authorizes Pakgen Limited to act as the attorney for the consortium, handling all business activities related to the privatisation process.

According to information available from the Pakistan Stock Exchange (PSX), the transaction is still in preliminary stages, with no binding obligations assumed by Pak Elektron Limited as of the report date. The transaction remains contingent upon pre-qualification by the Privatisation Commission and requires various corporate and regulatory approvals to proceed.

Pak Elektron Limited has committed to keeping the stock exchange informed about any significant developments concerning the transaction. The company's registered address is 10-G, Mushtaq Ahmad Gurmani Road, Gulberg-II, Lahore, and further inquiries can be directed to Khawaja Safee Sultan, the company secretary, at +924235920133.

The privatisation initiative aims to streamline operations and improve efficiency within FESCO, marking a significant step in Pakistan's ongoing efforts to reform its energy sector. The outcome of this transaction could have considerable implications for the energy market category within the country.