Pakistan is set to issue an Expression of Interest for the privatization of its first three state-owned power distribution companies (DISCOs), actively seeking participation from experienced Turkish investors who are reportedly following the process with keen interest.
The development was communicated by Federal Minister for Power, Sardar Awais Ahmed Khan Leghari, during a meeting with the Republic of Trkiye’s Minister of Energy and Natural Resources, Mr. Alparslan Bayraktar, in the capital today.
Minister Leghari appreciated the Turkish government for facilitating opportunities for Pakistan’s power sector experts to study Trkiye”s successful private-sector-driven energy model. He stated that Pakistan considers the involvement of reputable Turkish firms to be very important for the upcoming bidding process.
Highlighting the success of Trkiye”s concessional model, Leghari urged for closer collaboration between the institutions of both nations during the privatization proceedings.
The Federal Minister also underscored the need for Turkish cooperation in training human resources from Pakistan’s energy institutions and briefed his counterpart on reforms and investment potential within the sector.
Furthermore, Leghari noted that the Power Division is developing an Integrated Energy Plan and requires Trkiye’s assistance in its formulation, citing the country”s valuable experience in this domain.
Responding to the briefing, Minister Bayraktar expressed gratitude for the hospitality and confirmed that Turkish investors are keenly observing the privatization developments in Pakistan, voicing hope for reasonable participation from his country.
The Turkish minister offered to host promotional roadshows and utilize the Turkish Investment Forum for this purpose, assuring his government”s full support. He characterized the Pakistani power market as very important, referencing Trkiye”s existing major investments in related Pakistani sectors, including mining.