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Kot Addu Power

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Pakistani Power Company

Kot Addu Power Company
Company typePublic
PSXKAPCO
KSE 100 component
IndustryElectric power
Founded1996; 29 years ago (1996)
HeadquartersKot Addu,Punjab, Pakistan
Area served
Pakistan
Key people
RevenueDecreaseRs. 25.43 billion (US$88 million)[1] (2023)
DecreaseRs. 13.07 billion (US$45 million)[1] (2023)
DecreaseRs. 3.95 billion (US$14 million)[1] (2023)
Total assetsDecreaseRs. 101.84 billion (US$350 million)[1] (2023)
Total equityDecreaseRs. 66.08 billion (US$230 million)[1] (2023)
Number of employees
449[1] (2023)
Websitewww.kapco.com.pk

TheKot Addu Power Company (KAPCO) (Urdu:کوٹ ادّو پاور کمپنی) is a Pakistanielectric power company based inLahore.[2] It formerly operated a multi-fuel fired power plant inKot Addu District,Punjab.[3][4] The plant had a nameplate capacity of 1,600 MW consisting of 15 generating units.[5][6]

History

[edit]

Kot Addu power station was constructed by theWater and Power Development Authority (WAPDA) in five phases between 1985 and 1996.[7][8] It consists of 15 generating units with a total installed capacity of 1,600 MW.[7][9]

In April 1996, as part of Pakistan's privatization efforts, Kot Addu Power Company (KAPCO) was incorporated as a public limited company.[7] The management of the company was transferred to the UK-basedNational Power (now International Power), which initially acquired a 26 percent stake in KAPCO at a valuation of $1583 million, later increasing its ownership to 36 percent.[10][7][11]

In 2005, the Privatisation Commission, on behalf of WAPDA, conducted a public offering in which 18 percent of KAPCO's shares were sold to the general public at a strike price of PKR 30.[12][13][14] Subsequently, on 18 April 2005, KAPCO was listed on the Karachi, Lahore, and Islamabad Stock Exchanges.[7][8]

In 2014, National Power sold its entire shareholding to the local investors.[15]

See also

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References

[edit]
  1. ^abcdef"KAPCO Annual Report 2023"(PDF).kapco.com.pk. Retrieved8 December 2023.
  2. ^"Kot Addu Power's Profit Rises 52% as Rupee Weakens".Bloomberg. 26 October 2010 – via www.bloomberg.com.
  3. ^Farooqi, Monem (1 September 2017)."KAPCO's 660MW coal power project shelved".
  4. ^"Kot Addu Full-Year Profit Increases 20% on Lower Finance Costs".Bloomberg. 28 August 2013 – via www.bloomberg.com.
  5. ^Hussain, Dilawar (12 March 2018)."Coal-based power plant abandoned — a year's work gone to waste".DAWN.COM.
  6. ^Hussain, Dilawar (31 August 2015)."Kapco eyes coal-based project".DAWN.COM.
  7. ^abcde"Power Generation and Distribution Company: Kot Addu Power Company Limited Year Ended 30.06.2005".Brecorder. 10 November 2005.
  8. ^abHussain, Dilawar (28 July 2014)."Facing uncertain times".DAWN.COM.
  9. ^"Company Overview of Kot Addu Power Company Limited".Bloomberg.com. Retrieved19 November 2017.
  10. ^"MEED | PAKISTAN: National Power bids high for Kot Addu power plant".MEED. 4 May 1996.
  11. ^"Pakistan plans global listing of Kot Addu Power Co | Reuters".Reuters.
  12. ^"Govt to offer 20pc of Kapco at Rs30/share".DAWN.COM. 4 January 2005.
  13. ^"Million-rush for Kapco shares".DAWN.COM. 28 February 2005.
  14. ^"Pakistan: After the Crash".Bloomberg – via www.bloomberg.com.
  15. ^"Kot Addu Power Company Limited".Brecorder. 25 January 2018.

External links

[edit]
Infrastructure
Generation companies (GENCOs)
Subsidiaries
See also
PakistanKSE 100 companies of Pakistan
As of October 2024
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