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Pakistan to Privatize Two Power Distribution Companies; Turkish Advisors Selected to Lead the Process
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Pakistan to Privatize Two Power Distribution Companies; Turkish Advisors Selected to Lead the Process
Pakistan, one of the countries with the highest electricity loss-and-theft rates in Asia, is moving ahead with the privatization of two major power distribution companies. The sale process for Hyderabad Electric Supply Company (HESCO) and Sukkur Electric Power Company (SEPCO) will be overseen by financial advisors from Türkiye. Pakistan, which has long struggled with power shortages — and at one point relied on Turkish company Karadeniz Holding’…
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