ISLAMABAD: Pakistan’s Privatisation Commission on Tuesday signed a Financial Advisory Services Agreement (FASA) with a consortium led by M/S Alvarez & Marsal Middle East Limited to facilitate private sector participation in three key power distribution companies.
The consortium includes International Consulting Associates (Pvt) Limited (iConsult), Yousuf Adil Chartered Accountants, Vellani & Vellani, Power Planners International Pvt. Ltd., and NEOS Group Inc. The agreement covers the privatisation of Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO), marking a significant step in the government’s broader energy sector reforms.
