Lahore: Pakgen Limited, formerly known as Pakgen Power Limited, has announced its intention to participate in the divestment process of Faisalabad Electric Supply Company (FESCO) through a consortium. This decision was confirmed in a report dated August 6, 2026, aligning with Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulations.

The consortium, which includes notable members such as Nishat Mills Limited, Lalpir Limited (formerly Lalpir Power Limited), Nishat Power Limited, Nishat Chunian Power Limited, Kohinoor Energy Limited, and Pak Elektron Limited, has designated Pakgen Limited as the lead consortium member. This designation authorizes Pakgen Limited to conduct business on behalf of the consortium during the privatization process, subject to pre-qualification and requisite approvals from the Privatisation Commission.

According to information available from the Pakistan Stock Exchange (PSX), the consortium's participation in the transaction is a significant move, yet it remains non-binding at this stage. The company clarified that no binding obligations have been assumed in relation to the transaction as it awaits necessary regulatory clearances.

Pakgen Limited is headquartered at Nishat House, 53-A, Lawrence Road, Lahore, and maintains an active line of communication through its Company Secretary, Mr. Khalid Mahmood Chohan. The company has pledged to keep the exchange informed of any material developments related to the transaction, underscoring its commitment to transparency and regulatory compliance.

This development underscores a strategic move by Pakgen Limited and its consortium partners to expand their footprint in the energy sector through the privatization of FESCO. The market will be closely monitoring the outcomes of this initiative as it progresses through the necessary stages of approval and qualification.