Pakistan, Aug. 22 -- Pakistani sugar giant JDW Sugar Mills announced this week that it has joined a consortium of companies that will collectively bid to acquire stakes in the state-owned Faisalabad Electric Supply Company (FESCO).

JWD Sugar Mills Limited is owned by JDW Group, which is headed by Jahangir Khan Tareen, a prominent businessman and politician. The group disclosed to the Pakistan Stock Exchange (PSX) in a stock filing on Thursday that it has joined a consortium led by energy company Pakgen Limited to acquire stakes in FESCO.

Other members of the consortium include Nishat Mills Limited, Lalpir Limited, Nishat Power Limited, Nishat Chunian Power Limited, Kohinoor Energy Limited, Pak Elektron Limited, Deharki Sugar Mills (Priv...