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    Board of directors meeting Rescheduled of Kot Addu Power Company Limited


    January 24, 2022 - Pakistan Company News

     

      Kot Addu Power Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 25, 2022 at Lahore. The agenda of the meeting will to consider the interim cash dividend for the year ending June 30, 2022 for declaration of any entitlement has been rescheduled on January 25, 2022.

      Further, the company has declared the closed period from January 19, 2022to January 25, 2022.

      The announcement is available at:

      https://dps.psx.com.pk/download/image/180370-1.gif

      Kot Addu Power Company Limited was incorporated in Pakistan on April 25, 1996 as a public listed company. The Principal activities of the Company are to own, operate and maintain-fuel fired power station and to sell the electricity produced to a single customer WAPDA under a Power Purchase Agreement (PPA).

      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 in District Muzaffargarh, Punjab, 90 K.M. north west of Multan on the left bank of the River Indus at a distance of 16 K.M. from Taunsa Barrage.

      In February 2005, the Privatisation Commission (on behalf of WAPDA) sold another 18% of WAPDA shareholding in the Company to the General Public. On April 18, 2005 the Company was formally listed on the Pakistan Stock Exchange (formerly the Karachi Stock Exchange, the Lahore Stock Exchange and the Islamabad Stock Exchange).

      The Company is now listed on Pakistan Stock Exchange limited and quoted shares of it that are 880,253,228. Their Earnings per shares of the company is 26.83 in 2020 which was 14.90 in 2019. The Profit after Taxation is 23,613,193,000 in 2020 which was 13,111,540,000 in 2019.

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