Lahore: Nishat Power Limited has confirmed its involvement in a consortium aiming to participate in the privatization process of Faisalabad Electric Supply Company (FESCO), according to a report dated August 6, 2026. The company, in compliance with the Securities Act, 2015, disclosed its intentions as part of a consortium including Pakgen Limited, Lalpir Limited, Nishat Mills Limited, Nishat Chunian Power Limited, Kohinoor Energy Limited, and Pak Elektron Limited.

The consortium, designated for the divestment of FESCO, will be led by Pakgen Limited, which has been authorized to act on behalf of Nishat Power Limited and the other members during the privatization process. According to information available from the Pakistan Stock Exchange (PSX), Nishat Power Limited has not yet undertaken any binding commitments regarding the transaction. The participation remains contingent upon pre-qualification by the Privatisation Commission along with necessary corporate and regulatory consents.

With its registered address at Nishat House, 53-A, Lawrence Road, Lahore, Nishat Power Limited has committed to keeping stakeholders updated on any substantial progress related to the transaction. The consortium's formation and participation in the privatization process underscore the strategic interests of these companies in acquiring FESCO, as outlined by the materials provided in the disclosure form attached to the announcement.