FAISLABAD AREA ELECTRICITY COMPANY

completed

The project provides transaction advisory assistance to the government of Pakistan to introduce private sector participation in the power distribution sector in Faisalabad. Privatization of FESCO will give 26 percent of the company’s management control to the private sector. The objective is to improve the distribution company’s management and ultimately the distribution network of the Faisalabad area, thereby improving access to and reliability of the electricity supply, reducing the dependence on governmental subsidies, and reducing electricity production costs. The project also serves as a pilot that will be replicable by other distribution companies in the country, and is therefore part of a broader power sector reform program.