Schedule for Privatization of DISCOs Prepared

The privatization of Electricity Distribution Companies (DISCOs) is being processed and initial work in this regard has been geared up.

Moreover, advertisements have also been launched in international media on August 17. This was disclosed in a high-level meeting co-chaired by Federal Minister for Privatization, Board of Investment and Communications Abdul Aleem Khan and Federal Minister for Energy Sardar Awais Laghari.

Khan observed that the privatization of DISCOs will be completed in different phases in which transparency and technical aspects must be kept into consideration.

The energy minister directed that the issues necessary for the privatization of DISCOs should be dealt with as soon as possible and access to the details and data of these institutions should be handed over to the interested parties.

The privatization minister said that wherever possible, the process of privatization should be completed in the shortest possible time. Briefing the meeting, Secretary Privatization and senior officials told that the complete schedule for the privatization of DISCOs has been prepared and its final approval will be taken from the Cabinet Committee and the federal government.

Appointment of Financial Advisor, market sounding, restructuring level and other important issues of privatization of DISCOs also came under discussion in this meeting.