Kapco Kapco
 
 
   
  Kot Addu Power Company Limited (KAPCO)
 
 
Kot Addu Power Plant (the "Power Plant") was built by the Pakistan Water and Power Development Authority ("WAPDA") in five phases between 1985 and 1996 at its present location in Kot Addu, District Muzaffargarh, Punjab. In April 1996, Kot Addu Power Company Limited ("KAPCO") was incorporated as a public limited company under the Companies Ordinance, 1984 with the objective of acquiring the Power Plant from WAPDA. The principal activities of KAPCO include the ownership, operation and maintenance of the Power Plant.
 
Shareholding Structure
On June 27, 1996, following international competitive bidding by the Privatisation Commission Government of Pakistan (the "Privatisation Commission"), the management of KAPCO was transferred to National Power (now International Power) of the United Kingdom, which acting through its subsidiary National Power (Kot Addu) Limited ("NPKAL"), bought shares representing a 26% stake in KAPCO. Later, NPKAL bought a further 10% shareholding in KAPCO increasing its total shareholding to 36%.
The other majority shareholder in KAPCO is WAPDA with a present
shareholding of 46%.

Following the successful completion of the Offer for Sale by the
Privatisation Commission (on behalf of WAPDA) in February 2005, 18% of KAPCO's shareholding is now held by the General Public.

On April 18, 2005 KAPCO was formally listed on all three Stock Exchanges of Pakistan.