Complete the bidding process for shares of FESCO.
Introduced at R8. Macroeconomic rationale: to privatize electricity distribution companies in line with arrears reduction plan.
Cancelled at R11. SR EB/16/92 page15 "The authorities revisited their plans for privatizing FESCO and other DISCOs and decided to move ahead with an Initial Public Offering (IPO) for a minority share in FESCO by November 2016 to be followed by IESCO and LESCO. Staff welcomed the authorities’ commitment to disinvest of Kot Addu Power Company (KAPCO), a large power generation company, and to solicit expressions of
interest by July 15, 2016 (new SB in lieu of completing the bidding process for FESCO by June 2016, which is no longer feasible)."