KARACHI: Kohinoor Energy Limited (KEL) has announced that its Board of Directors has approved the company’s participation in a consortium seeking to acquire Faisalabad Electric Supply Company (FESCO) as part of the Government of Pakistan’s privatisation programme. The disclosure was made to the Pakistan Stock Exchange (PSX) on August 6, 2026.
According to the company, Kohinoor Energy obtained the Request for Statement of Qualification (RSOQ) issued by the Privatisation Commission for the proposed divestment of FESCO. Following the Board’s approval, the company joined a consortium comprising Pakgen Limited, Lalpir Limited, Nishat Power Limited, Nishat Chunian Power Limited, Nishat Mills Limited, Pak Elektron Limited, and Kohinoor Energy Limited.
As part of the consortium arrangement, Pakgen Limited has been appointed as the Lead Consortium Member. It has been authorized to represent the consortium and conduct all matters related to the privatisation process on behalf of the participating companies, including Kohinoor Energy.
The company clarified that it has not yet undertaken any binding commitment regarding the proposed transaction. The acquisition process remains subject to pre-qualification by the Privatisation Commission, along with the receipt of all necessary corporate and regulatory approvals before any final agreement can be reached.
Kohinoor Energy further stated that it will continue to keep the Pakistan Stock Exchange informed of any significant developments related to the consortium’s participation in the FESCO privatisation process as they occur.
