Kot Addu Power Company

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]

Kot Addu Power Company
Company typePublic
PSX: KAPCO
IndustryElectric power
Founded1996 (1996)
HeadquartersKot 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)
Websitewww.kapco.com.pk

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

History

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

References
  1. "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. "Power Generation and Distribution Company: Kot Addu Power Company Limited Year Ended 30.06.2005". Brecorder. November 10, 2005.
  8. 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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