Divestment of three Discos begins

ISLAMABAD: 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).