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Kot Addu Power Company

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Kot Addu Power Company
Company typePublic
PSX: KAPCO
KSE 100 component
IndustryElectric power
Founded1996; 28 years ago (1996)
HeadquartersKot Addu, Punjab, Pakistan
Area served
Pakistan
Key people
RevenueDecrease Rs. 25.43 billion (US$88 million)[1] (2023)
Decrease Rs. 13.07 billion (US$45 million)[1] (2023)
Decrease Rs. 3.95 billion (US$14 million)[1] (2023)
Total assetsDecrease Rs. 101.84 billion (US$350 million)[1] (2023)
Total equityDecrease Rs. 66.08 billion (US$230 million)[1] (2023)
Number of employees
449[1] (2023)
Websitewww.kapco.com.pk

The Kot Addu Power Company (KAPCO) (Urdu: کوٹ ادّو پاور کمپنی) is a Pakistani power company that owns, operates, and maintains a multi-fuel fired power plant in Kot Addu District, Punjab, Pakistan.[2][3] The company is based in Lahore, Pakistan.[4]

It has a nameplate capacity of 1,600 MW consisting of 15 generating units.[5][6]

History

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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 April 18, 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

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  1. ^ a b c d e f "KAPCO Annual Report 2023" (PDF). kapco.com.pk. Retrieved 8 December 2023.
  2. ^ Farooqi, Monem (September 1, 2017). "KAPCO's 660MW coal power project shelved".
  3. ^ "Kot Addu Full-Year Profit Increases 20% on Lower Finance Costs". August 28, 2013 – via www.bloomberg.com.
  4. ^ "Kot Addu Power's Profit Rises 52% as Rupee Weakens". October 26, 2010 – via www.bloomberg.com.
  5. ^ Hussain, Dilawar (March 12, 2018). "Coal-based power plant abandoned — a year's work gone to waste". DAWN.COM.
  6. ^ Hussain, Dilawar (August 31, 2015). "Kapco eyes coal-based project". DAWN.COM.
  7. ^ a b c d e "Power Generation and Distribution Company: Kot Addu Power Company Limited Year Ended 30.06.2005". Brecorder. November 10, 2005.
  8. ^ a b Hussain, Dilawar (July 28, 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. January 4, 2005.
  13. ^ "Million-rush for Kapco shares". DAWN.COM. February 28, 2005.
  14. ^ "Pakistan: After the Crash" – via www.bloomberg.com.
  15. ^ "Kot Addu Power Company Limited". Brecorder. January 25, 2018.
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