Lahore: JDW Sugar Mills Limited has announced its decision to join a consortium led by Pakgen Limited for the potential privatisation of the Faisalabad Electric Supply Company Limited (FESCO). This strategic move was disclosed in a report dated August 20, 2026, submitted under the Securities Act, 2015, and PSX regulations.
The consortium, spearheaded by Pakgen Limited, comprises several prominent members in the energy and manufacturing sectors, including Nishat Mills Limited, Lalpir Limited, Nishat Power Limited, Nishat Chunian Power Limited, Kohinoor Energy Limited, Pak Elektron Limited, and JDW Sugar Mills Limited. Additionally, Deharki Sugar Mills (Private) Limited and ATF Agri Sciences (Private) Limited are participating members.
According to information available from the Pakistan Stock Exchange (PSX), JDW Sugar Mills’ involvement in the consortium is currently conditional and non-binding. The company has not yet committed to any obligations regarding the transaction. The move to join the consortium is part of the ongoing Request for Statement of Qualification (RSOQ) process, which will determine the consortium’s eligibility for participating in FESCO’s privatisation.
The privatisation of FESCO is being overseen by the Privatisation Commission of Pakistan and is subject to pre-qualification and requisite corporate and regulatory approvals. JDW Sugar Mills has assured stakeholders that it will keep the PSX informed of any further material developments regarding this transaction.
The designated market category for this transaction falls under the energy and utilities sector, reflecting the strategic importance of FESCO and the consortium’s potential role in its management and operation.