IMF insists that Hesco and Sepco be privatized on schedule.

The Hyderabad Electric Supply Company (Hesco) and Sukkur Electric Power Company (Sepco) financial advisers have been instructed by the government to meet their deadlines.

According to sources, the government hired financial advisors for the November 2025 sale of Hesco and Sepco.

Financial advisers were required by the agreement to do thorough due diligence, market sounding, and investor outreach. In accordance with the government’s privatization framework and relevant regulations, the consultants would have to help the commission organize, promote, and carry out an open and competitive bidding procedure.

The inspection of the two power distribution firms and several stages of the due diligence report have been finished by the financial advisers.

The inspection of the two power distribution firms and several stages of the due diligence report have been finished by the financial advisers.

According to sources, the consultants have been instructed to complete their reports on the privatization of the electricity companies.

According to sources, the transmission losses of the Sukkur Electric Power Company are over 35%. “The International Monetary Fund (IMF) has called for the Sepco and Hesco to be immediately rehabilitated and privatized.”

“The Sepcto losses increased by Rs 30 billion until the end of the year 2024, according to a finance ministry report,” the sources stated.

According to a report on SOEs, Hesco’s losses reached 488 billion rupees by the end of 2024.