Pakistan’s cement sector is actively participating in the government’s privatization initiative, with several major groups submitting Expressions of Interest (EOIs) to acquire Gujranwala Electric Power Company (GEPCO). A prominent consortium led by Hub Power Holdings, Lucky Cement, Kohat Cement, and Metro Engineering is among the 11 bidders and has previously bid for Faisalabad Electric Supply Company (Fesco).
Industry experts point out that cement manufacturing is energy-intensive, and by acquiring distribution companies, these firms aim to secure reliable power, stabilize costs, and reduce reliance on grid inefficiencies, enhancing their competitiveness. Other local bidders include Engro Energy Limited, Sapphire Fibers, and K-Electric, with international interest from Turkish firms and Saudi Arabia’s Al Sharif Contracting.
Privatization Commission Chairperson Muhammad Ali noted the strong response reflects investor confidence in Pakistan’s electricity distribution sector. The move signals a shift for cement companies from heavy electricity consumers to participants in its distribution, potentially reshaping energy dynamics in the industry.
By Abdul Siddiqi, Pakistan
