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Shahab Qader Khan has been appointed Chief Executive Officer (CEO) of Kot Addu Power Company Limited (KAPCO).

The listed company shared the development in its notice to the Pakistan Stock Exchange (PSX) on Monday.

“The Board of Directors (BoD) of the company has appointed Shahab Qader Khan as the chief executive of the company for a term of three years commencing from January 22, 2025 to January 21, 2028,” read the notice.

KAPCO was incorporated in Pakistan on April 25, 1996 as a public limited company under the Companies Ordinance, 1984 (now Companies Act, 2017).

KAPCO was built by the Pakistan Water and Power Development Authority (WAPDA) in five phases between 1985 and 1996 in Muzaffargarh district, Punjab.

Aftab Mahmood named KAPCO CEO

In April 1996, 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 the Company include the ownership, operation and maintenance of the Power Plant.

On June 27, 1996, following international competitive bidding by the Privatisation Commission Government of Pakistan, KAPCO was privatised.

At the time of privatisation and following privatisation, WAPDA divested 36% of its shareholding in the company to the strategic investor. In August 2013, the strategic investor sold its entire shareholding in the company to local corporate entities and individuals.

Comments

200 characters
Hamid Hassan Dec 30, 2024 12:51pm
We heartily welcome the new CEO of KAPCO. Hamid Hassan Chairman CBA Union
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Waheed ud din Dec 30, 2024 09:47pm
Did pakistan really gained in this process of building and privatization? Who will answer?
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Saba younus Dec 31, 2024 03:07am
I never received my dividend for last 6or7yeats my folio No.0162134 and I already complaint at your Karachi office.
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