May 28, 2017 7:25 AM ET

Electric Utilities

Company Overview of Gujranwala Electric Supply Company Limited

Company Overview

Gujranwala Electric Supply Company Limited engages in the distribution and supply of electricity in Pakistan. The company was incorporated in 1998 and is based in Gujranwala, Pakistan.

565—A Model Town

GT Road

Gujranwala,  52000

Pakistan

Founded in 1998

Phone:

92 55 920 0507

Fax:

92 55 920 0122

Key Executives for Gujranwala Electric Supply Company Limited

Chief Executive Officer and Director
Chief Engineer and Operations Director
Chief Engineer and Technical Director
Compensation as of Fiscal Year 2016.

Gujranwala Electric Supply Company Limited Key Developments

CCOP Takes Decisions On Privatisation Of Entities

On January 27, 2017, The Cabinet Committee on Privatisation (CCOP) took decisions on potential privatization of government entities. The government decided to float shares of Gujranwala Electric Supply Company Limited to raise money for bridging the budget deficit. It also approved the transfer price for selling remaining stake in Mari Petroleum Company Limited (KASE:MARI), the government put off a decision on offloading 5% more shares in Oil and Gas Development Company Limited (KASE:OGDC) as the timing was not considered appropriate. The CCOP approved divestment of 18.3% government shareholding in Mari Petroleum Company Limited either through joint-venture partners including Fauji Foundation and Oil and Gas Development Company Limited or the domestic stock exchange.

IFC To Advise On Privatization Of GEPCO

The Privatisation Commission has decided to seek assistance of the International Finance Corporation (IFC) for the privatization of Gujranwala Electric Supply Company Limited (Gepco). The IFC advisory service project is estimated to be completed by the end of July 2016.

Similar Private Companies By Industry

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Genertech Pakistan Ltd Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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