Bidders are lining up for the $13 billion NSW electricity network privatisation, with a new consortium featuring Middle East sovereign wealth funds and a Canadian pension fund among the contenders.

Australian investment group Spark Infrastructure and manager Hastings Fund Management are understood to have joined Canadian pension fund CDPQ, the Abu Dhabi Investment Authority and Wren House, the investment arm of the Kuwaiti Investment Authority in a consortium to bid for the power assets. Spark Infrastructure, which is listed on…