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.