Lalpir Power Limited, now known as Lalpir Limited, has announced its participation in a consortium for the privatisation of FESCO, following the receipt of a Request for Statement of Qualification from the Privatisation Commission.
- The company is part of a consortium that includes Pakgen Limited, Nishat Mills Limited, Nishat Power Limited, Nishat Chunian Power Limited, Kohinoor Energy Limited, and Pak Elektron Limited.
- Pakgen Limited has been designated as the Lead Consortium Member to manage the privatisation process on behalf of the consortium.
- The transaction is still subject to pre-qualification by the Privatisation Commission and requires corporate and regulatory approvals.
- As of now, Lalpir Limited has not committed to any binding obligations regarding the transaction.
- The company will keep the Pakistan Stock Exchange informed of any material developments.