Kot Addu Power Company

The Kot Addu Power Company (KAPCO) (Urdu: کوٹ ادّو پاور کمپنی) is a Pakistani electric power company based in Lahore. It formerly operated a multi-fuel fired power plant in Kot Addu District, Punjab. The plant had a nameplate capacity of 1,600 MW consisting of 15 generating units.

Kot Addu power station was built by the Water and Power Development Authority (WAPDA) in five phases between 1985 and 1996 in Muzaffargarh District, Punjab, at a site located about 90 kilometres north-west of Multan on the left bank of the Indus River near Taunsa Barrage. Kot Addu Power Company Limited was incorporated as a public limited company under the Companies Ordinance, 1984, on 25 April 1996, with the objective of acquiring the power plant from WAPDA. On 27 June 1996, following international competitive bidding by the Privatisation Commission of the Government of Pakistan, KAPCO was privatised and the United Kingdom-based National Power (later International Power) acquired a 36% stake from WAPDA. In February 2005, the Privatisation Commission, acting on behalf of WAPDA, sold a further 18% of WAPDA's holding at a strike price of PKR 30 to the general public through a public offering. On 18 April 2005, KAPCO was listed on the Karachi, Lahore, and Islamabad Stock Exchanges. In 2014, National Power sold its entire shareholding to the local investors. In 2016, the Privatisation Commission approved the offloading of the government's remaining 40.25% stake in KAPCO on the stock market as part of an agreement with the International Monetary Fund. KAPCO's original 25-year power purchase agreement (PPA) with WAPDA, signed in 1996, was set to expire in June 2021, but was extended by 485 days under a third amendment to the agreement that settled a long-standing dispute over liquidated damages and outages caused by fuel shortages between 2008 and 2016. The PPA finally expired on 24 October 2022, after which KAPCO's plant was placed in preservation mode and ceased dispatching electricity to the Central Power Purchasing Agency (CPPA-G). The company reported zero electricity generation in financial year 2024 as a result. In 2024, KAPCO submitted the lowest tariff bids in K-Electric's competit

Power station data from Wikidata (CC0). Summary from Wikipedia (CC BY-SA).