JDW Sugar Mills joins Pakgen-led consortium for FESCO privatization

FESCO privatisation JDW Sugar Mills Pakgen Limited Pakistan power sector electricity distribution

JDW Sugar Mills Limited has joined a consortium led by Pakgen Limited to bid for stakes in the state-owned Faisalabad Electric Supply Company (FESCO). The company disclosed its participation in the privatization process through a filing with the Pakistan Stock Exchange.

The expanded consortium now includes 10 companies from various industrial, energy, and manufacturing sectors, such as Nishat Mills Limited, Kohinoor Energy Limited, and Pak Elektron Limited. The group aims to participate in the Request for Statement of Qualification issued by the Privatisation Commission.

FESCO is one of three electricity distribution companies in the first phase of Pakistan’s power-sector privatization program. The Privatisation Commission has received 12 Expressions of Interest from domestic and international investors, including entities from China and Türkiye, seeking to acquire between 51% and 100% ownership and management control.

Entities

Faisalabad Electric Supply Company · JDW Sugar Mills Limited · Pakgen Limited · Pakistan Stock Exchange · Privatisation Commission

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] The Privatisation Commission has received 12 Expressions of Interest from domestic and international investors for FESCO. www.techjuice.pk
[○ 1 SOURCE] Interested parties for the FESCO privatization include investors from Türkiye and China. www.techjuice.pk
[● 2 SOURCES] JDW Sugar Mills has not assumed any binding obligation regarding the proposed transaction. www.arabnews.pk · www.techjuice.pk
[○ 1 SOURCE] Investors are seeking to acquire between 51% and 100% of FESCO along with management control. www.techjuice.pk
[● 3 SOURCES] JDW Sugar Mills Limited has joined a consortium led by Pakgen Limited to participate in the privatisation of Faisalabad Electric Supply Company (FESCO). www.arabnews.pk · flare.pk · www.techjuice.pk
[● 3 SOURCES] The consortium is led by Pakgen Limited. www.arabnews.pk · flare.pk · www.techjuice.pk
[● 2 SOURCES] FESCO is part of the first batch of three electricity distribution companies being offered for privatization by the government. www.arabnews.pk · www.techjuice.pk
[● 3 SOURCES] The consortium consists of 10 companies, including Pakgen Limited, Nishat Mills Limited, and JDW Sugar Mills Limited. www.arabnews.pk · flare.pk · www.techjuice.pk

Sources

Pakistani sugar giant joins consortium to acquire state-owned power distributor FESCO [www.arabnews.pk]

22 days ago

JDW Sugar Mills Joins Pakgen-Led Group in Race to Privatise FESCO [flare.pk]

22 days ago

JDW Sugar Mills Joins Consortium for FESCO Privatisation [www.techjuice.pk]

23 days ago