FESCO, GEPCO and IESCO Likely Privatised in 2027

FESCO GEPCO and IESCO are likely to be privatised in the first quarter of 2027, according to the PM's aide. The companies are FESCO, GEPCO and IESCO.

FESCO, GEPCO and IESCO are three electricity distribution companies. Privatised means moving them from public ownership toward private ownership. The first quarter of 2027 is January to March 2027. Likely means the aide is pointing to that plan, not announcing that a sale has already closed. The update does not give a price, a buyer, or the steps still left.

What the FESCO GEPCO sale timing is

The window named for FESCO, GEPCO and IESCO is the first quarter of 2027. The source is the prime minister's aide. No buyer or sale price is in the update.

Our verdict

FESCO, GEPCO and IESCO are likely to be privatised in the first quarter of 2027, according to the PM's aide. The sale itself is not described as finished.

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