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Kot Addu Power Company Limited
Kot Addu Power Company Limited
Kot Addu Power Company Limited
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
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.
Vision Statement
To be a leading power generation company, driven to exceed our shareholders' expectations and meet our customers requirements.
Mission Statement
To be a responsible corporate citizen To maximise shareholders' return To provide reliable and economical power for our customer
To excel in all aspects relating to safety, quality and environment To create a work environment which fosters pride, job satisfaction and equal opportunity for career growth for the employees
Directors
Board of Directors
Company Information
Board of Directors Syed Raghib Abbas Shah, esq. Mr. Aftab Mahmood Butt Syed Nizam Ahmad Shah, esq. Mr.Malcolm Peter Clampin Mr.Anwar Ul Haq Mr. Muhammad Zia Ur Rehman Mr. Michel Jean Gilbert Gantois Chairman Chief Executive Officer Director Director Director Director Director
Audit Committee
Syed Nizam Ahmad Shah,esq. Mr. Malcolm P. Clampin Mr. Anwar-ul-Haq Mr. Muhammad Zia ur Rehman Mr. Michel Jean Gilbert Gantois Chairman Member Member Member Member
HR Committee
Mr. Malcolm P. Clampin Mr. Anwar-ul-Haq Mr. Aftab Mahmood Butt Chairman Member Member
Company Secretary
Mr. A. Anthony Rath
Auditors
A. F. Ferguson & Co., Chartered Accountants, Lahore, Pakistan
Legal Advisors
Kabraji & Talibuddin Advocates and Legal Counsellors, Karachi, Pakistan
Bankers
Citibank, N.A Habib Bank Limited Allied Bank Limited Bank Alfalah Limited MCB Bank Limited Standard Chartered Bank (Pakistan) Limited National Bank of Pakistan Faysal Bank Limited Bank Islami Pakistan Limited Samba Bank Limited Meezan Bank Limited
Corporate Office
5-B/3, Gulberg-III Lahore 54660
Pakistan Tel: +92 (0)42 3577 2912 - 20 UAN: +92 (0)42 1111-KAPCO Fax: +92 (0)42 3577 2907, 3577 2922
Power Plant
Kot Addu Power Complex, Kot Addu District Muzaffargarh (P.C. 34060), Pakistan UAN: +92 (0)66 1111-KAPCO Tel. +92 (0)66 230 1041, +92 (0)66 1111-KAPCO Fax:+92 (0)66 230 1025
Registered Office
House No. 4, Street No. 54-A F-7/4, Islamabad, Pakistan
Shares Registrar
THK Associates (Private) Limited Ground Floor, State Life Building No. 3 Dr. Ziauddin Ahmed Road Karachi 75530, Pakistan Tel: +92 (0)21 111 000 322 (UAN)
Associated Companies
Pakistan Water and Power Development Authority("WAPDA") www.wapda.gov.pk National Power (Kot Addu) Limited www.iprlc-gdfsuez.com
Registration/NTN
Registration Number: 0035513 NTN: 0708010-7
Symbol: KAPCO
KSE: www.kse.com.pk LSE: www.lse.com.pk ISE: www.ise.com.pk
Rating of Company
JCR-VIS Credit Rating Company Limited Affiliate of Japan Credit Rating Agency ,Ltd As of February 21,2011 Rating Type: Entity Medium to Long Term:AA+ Short Term:A-1+
Associate Membership
1- Overseas Chamber of Commerce and Industry 2- Islamabad Chamber of Commerce and Industry 3- Pakistan Institue of Corporate Governance 4- Employers Federation of Pakistan
ISO Certification
ISO-9001:2000, Quality Management System ISO-14001:2004, Environment Management System OHSAS-18001:1999, Occupational Health and Safety Assesment Series
Material information
KAPCO is managed through a suite of agreements signed between it and its customer (WAPDA), Government of Pakistan, and fuel suppliers. These include: Power Purchase Agreement ("PPA") The PPA is between WAPDA and KAPCO. Inter alia, the PPA determines the tariff structure and principles of operating the Power Plant. The PPA includes an implicit return built into the tariff provided. KAPCO maintains its available capacity at the contractual level identified in the PPA. KAPCO has robust and effective engineering, financial, procurement and HR strategies in place to ensure that contractual capacity levels are maintained. Over the last two years, dependable capacity levels have been significantly above the contracted levels. Gas Supply Agreement ("GSA") The GSA is between Sui Northern Gas Pipelines Limited ("SNGPL") and KAPCO. Inter alia, the GSA guarantees a certain quantity of gas deliveries during off peak months from SNGPL. Oil Supply Agreement ("OSA") The OSA is between KAPCO and Pakistan State Oil Company Limited ("PSO"). PSO is the largest oil marketing company in Pakistan and is engaged in the nationwide storage, distribution and marketing of various petroleum, oil and lubricant products. Inter alia, the OSA covers the supply to KAPCO of fuel, diesel, oil, greases, lubricants and additives for the requirement of the Power Plant.
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enabled the Organisation to control OH&S risks and improve health and safety performance. The System has been planned on the basis of OH&S hazards & risk assessment and relevant legal requirements of the Country. For operation of the System, responsibilities, awareness & training, documentation operational control, departmental objectives and emergency preparedness/ response have been implemented at all levels in the company. Performance of the System is monitored, measured and recorded and actions are planned accordingly. Consistent adherence with the System and continual improvement is ensured by periodic management reviews and internal/external audits.
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KAPCO with its broad vision of Human Resource Management provides life-long career development opportunities for qualified, competent and hard-working professionals. Currently the employee strength is approximately 588. All of the
employees are well-trained and committed to their jobs. KAPCO endeavours to create a conducive work environment which fosters pride, job satisfaction and equal opportunity for career growth of the employees.
KAPCO owns and maintains housing facilities for its employees and their families. The residential colony is spread over 170 acres and comprises over 900 houses, a ten bed hospital, staff and officers' recreation facilities, two shopping centres, a bachelors hostel, a guest house, secondary schools for boys and girls and three mosques. The employees and their dependants are provided with full medical cover. Well-being of the employees families along with ample recreational activities is essential for employees in order to deliver optimum capabilities with complete peace of mind. Fully understanding this importance, KAPCO promotes sports and recreation activities amongst employees and their families. KAPCO is an equal opportunity employer. KAPCO maintains a strict induction standard and uses a merit base when hiring new employees to ensure the concept of the "Right Person for the Right Job".
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Community
KAPCO as a responsible Corporate Citizen not only generates electricity, but is also dedicated to improve the well-being of the community it operates in. Since its inception in June 1996, KAPCO has initiated a comprehensive Social Action Programme with special emphasis on basic health and education facilities in order to improve the quality of life of the local people. KAPCO's primary objectives are as follows: Health Care Provision of health care equipment, infrastructure facilities to upgrade the standard of local government hospitals, primary and preventative medical care including free consultation, medicines, vaccinations, eye operations, surgeries and complete treatment of diseases like
Tuberculosis for deserving patients. Enhance awareness among the local community in preventative health care. Education Provision of infrastructure facilities such as construction of class rooms, toilets, furniture, electric water coolers, scholarships, books, uniforms and bags to deserving students. Gold Medals to the top achievers of Kot Addu in SSC and HSSC examinations. Infrastructure Improvement of infrastructure facilities in surrounding areas such as provision of street lights, construction of public waiting rooms at bus stands, electric water coolers, fans, benches, and improved sewerage systems. Training and Development Provide technical training opportunities to local students through
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Apprenticeship Training Schemes and internships. Sponsorships Provision of financial assistance and prizes to local sports events
7.0145 0.8559 6.9000 42,604.26 880.25 435,400 1.8015 0.4239 14.26% 3.1500 10/12/2012 2.83% 02/15/2013
Profit Margin (%) Jun 2011Jun 2012 050,000100,000150,000200,000 5.00 %6.00 %7.00 %8.00 %9.00 % Revenue (M): 100,504.3040 Net Income (M): 6,071.2870 Profit Margin (%): 6.0408
A Anthony RathSecretary
Quotes delayed, except where indicated otherwise. All prices in local currency. Time is ET