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Cengiz and Çalık Holdings Join Race for Pakistan’s Major Power Distributor FESCO
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Cengiz and Çalık Holdings Join Race for Pakistan’s Major Power Distributor FESCO
Three Turkish companies among 12 bidders for FESCO, which serves 5.6 million consumers Pakistan has launched the privatisation process for its state-owned electricity distribution companies as part of efforts to reduce power losses and improve the efficiency of the energy sector. Faisalabad Electric Supply Company (FESCO), the country’s second-largest electricity distributor with 5.6 million consumers, is the first company to be put up for sale.…
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