PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

7157

Primary Business Area

Infrastructure

Disclosure Date

Oct 27, 2009

Country

Pakistan

Region

Middle East

IFC Approval Date

Jun 21, 2005

Status

Completed

Estimated Total Budget

$4,612,917.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

Aug 4, 1995

Project Description

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.