Misplaced Pages

Kot Addu Power

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
Pakistani Power Company

Kot Addu Power Company
Company typePublic
Traded asPSX: KAPCO
KSE 100 component
IndustryElectric power
Founded1996; 28 years ago (1996)
HeadquartersKot Addu, Punjab, Pakistan
Area servedPakistan
Key people
RevenueDecrease Rs. 25.43 billion (US$88 million) (2023)
Operating incomeDecrease Rs. 13.07 billion (US$45 million) (2023)
Net incomeDecrease Rs. 3.95 billion (US$14 million) (2023)
Total assetsDecrease Rs. 101.84 billion (US$350 million) (2023)
Total equityDecrease Rs. 66.08 billion (US$230 million) (2023)
Number of employees449 (2023)
Websitewww.kapco.com.pk

The Kot Addu Power Company (KAPCO) (Urdu: کوٹ ادّو پاور کمپنی) is a Pakistani electric power company based in Lahore. It formerly operated a multi-fuel fired power plant in Kot Addu District, Punjab. The plant had a nameplate capacity of 1,600 MW consisting of 15 generating units.

History

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

In April 1996, as part of Pakistan's privatization efforts, Kot Addu Power Company (KAPCO) was incorporated as a public limited company. The management of the company was transferred to the UK-based National 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.

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. Subsequently, on 18 April 2005, KAPCO was listed on the Karachi, Lahore, and Islamabad Stock Exchanges.

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

See also

References

  1. ^ "KAPCO Annual Report 2023" (PDF). kapco.com.pk. Retrieved 8 December 2023.
  2. "Kot Addu Power's Profit Rises 52% as Rupee Weakens". 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". 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. ^ "Power Generation and Distribution Company: Kot Addu Power Company Limited Year Ended 30.06.2005". Brecorder. 10 November 2005.
  8. ^ Hussain, Dilawar (28 July 2014). "Facing uncertain times". DAWN.COM.
  9. "Company Overview of Kot Addu Power Company Limited". Bloomberg.com. Retrieved 19 November 2017.
  10. "MEED | PAKISTAN: National Power bids high for Kot Addu power plant".
  11. "Pakistan plans global listing of Kot Addu Power Co | 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" – via www.bloomberg.com.
  15. "Kot Addu Power Company Limited". Brecorder. 25 January 2018.

External links

Water & Power Development Authority
Infrastructure
Generation companies (GENCOs)
Subsidiaries
See also
Pakistan Companies of the KSE 100 Index
As of October 2024
Categories: