Kot Addu Power
 | |
| Company type | Public |
|---|---|
| PSX: KAPCO KSE 100 component | |
| Industry | Electric power |
| Founded | 1996 |
| Headquarters | Kot Addu, Punjab, Pakistan |
Area served | Pakistan |
Key people | |
| Revenue |  Rs. 25.43 billion (US$88 million)[1] (2023) |
| Rs. 13.07 billion (US$45 million)[1] (2023) | |
| Rs. 3.95 billion (US$14 million)[1] (2023) | |
| Total assets | Rs. 101.84 billion (US$350 million)[1] (2023) |
| Total equity | Rs. 66.08 billion (US$230 million)[1] (2023) |
Number of employees | 449[1] (2023) |
| Website | www |
The Kot Addu Power Company (KAPCO) (Urdu: کوٹ ادّو پاور کمپنی) is a Pakistani electric power company based in Lahore.[2] It formerly operated a multi-fuel fired power plant in Kot 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 the Water 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-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.[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
[edit]References
[edit]- ^ a b c d e f "KAPCO Annual Report 2023" (PDF). kapco.com.pk. Retrieved 8 December 2023.
- ^ "Kot Addu Power's Profit Rises 52% as Rupee Weakens". 26 October 2010 – via www.bloomberg.com.
- ^ Farooqi, Monem (1 September 2017). "KAPCO's 660MW coal power project shelved".
- ^ "Kot Addu Full-Year Profit Increases 20% on Lower Finance Costs". 28 August 2013 – via www.bloomberg.com.
- ^ Hussain, Dilawar (12 March 2018). "Coal-based power plant abandoned — a year's work gone to waste". DAWN.COM.
- ^ Hussain, Dilawar (31 August 2015). "Kapco eyes coal-based project". DAWN.COM.
- ^ a b c d e "Power Generation and Distribution Company: Kot Addu Power Company Limited Year Ended 30.06.2005". Brecorder. 10 November 2005.
- ^ a b Hussain, Dilawar (28 July 2014). "Facing uncertain times". DAWN.COM.
- ^ "Company Overview of Kot Addu Power Company Limited". Bloomberg.com. Retrieved 19 November 2017.
- ^ "MEED | PAKISTAN: National Power bids high for Kot Addu power plant".
- ^ "Pakistan plans global listing of Kot Addu Power Co | Reuters".
- ^ "Govt to offer 20pc of Kapco at Rs30/share". DAWN.COM. 4 January 2005.
- ^ "Million-rush for Kapco shares". DAWN.COM. 28 February 2005.
- ^ "Pakistan: After the Crash" – via www.bloomberg.com.
- ^ "Kot Addu Power Company Limited". Brecorder. 25 January 2018.
External links
[edit]
- Kot Addu District
- Electric power companies of Pakistan
- Companies listed on the Pakistan Stock Exchange
- Companies in the KSE 100 Index
- Pakistani companies established in 1985
- Energy companies established in 1985
- Water and Power Development Authority
- Formerly government-owned companies of Pakistan
- 2005 initial public offerings
- Companies based in Lahore