March 04, 2015 9:01 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
Finance Director
Chief Engineer and Operations Director
Chief Engineer and Technical Director
Compensation as of Fiscal Year 2014.

Gujranwala Electric Supply Company Limited Key Developments

Privatization Process Of Gujranwala Electric Supply Kicks Off

The Government has kicked off the process of privatization of Gujranwala Electric Supply Company Limited with the first phase while Privatization Commission (PC) has solicited technical and financial proposals from the private companies till March 9, 2015 in connection with privatization of Gujranwala Electric Supply. Giving his stance on privatization of Gujranwala Electric Supply Company, Zafaryab, spokesman of ministry of water and power told PC has started privatization process and ministry of water and power has nothing to do with it. However ministry will initiate steps for removing the apprehensions of the employees, he added.

Pakistan's Cabinet Committee Clears Privatization Plan For 31 Companies

The government decided in the Cabinet Committee on Privatization to direct the Privatisation Commission to immediately initiate the process for sale of 31 public sector entities (PSEs) through initial and secondary public offering and transfer of 26% along with management control, to the private sector. The statement said, "After thorough deliberations, the committee agreed to initiate the process of privatization and directed the commission to ensure that the interests of employees were to be protected at all cost. Most of the PSEs will be offered to the private sector through strategic divestment, including up to 26% stakes along with management control, while shares of other companies will be offloaded through public offering." The companies include Pakistan Petroleum Ltd. (KASE:PPL), Pak Arab Refinery Limited, Pakistan State Oil Company Limited (KASE:PSO), Sui Southern Gas Co., Ltd. (KASE:SSGC), Sui Northern Gas Pipelines Ltd. (KASE:SNGP), Pakistan International Airlines Corporation (KASE:PIAA), Pakistan Railways, Gujranwala Electric Supply Company Limited, Lahore Electric Supply Company Limited, Islamabad Electric Supply Company Limited, Faisalabad Electric Supply Company Limited, National Power Construction Corporation (Pvt) Limited, Pakistan National Shipping Corp. (KASE:PNSC), Pakistan Steel Mills Corporation (Pvt.) Ltd., Roosevelt Hotel Corporation NV, Oil and Gas Development Co., Ltd. (KASE:OGDC) and Northern Power Generation Company Limited.

Pakistan Privatization Commission To Privatize 71 Companies

The Privatization Commission has formally prepared a list of 71 Public Sector Entities (PSEs) for divestment on fast-track basis subject to reaffirmation by the Council of Common Interests (CCI) of its approved privatization programme. The list includes companies from engineering, mineral and natural resources, tourism and transport. The companies include Pakistan International Airlines Corporation (KASE:PIAA), Sui Northern Gas Pipelines Ltd. (KASE:SNGP), Sui Southern Gas Co., Ltd. (KASE:SSGC), Karachi Electric Supply Company Limited (KASE:KESC), Pakistan National Shipping Corp. (KASE:PNSC), Pakistan State Oil Company Limited (KASE:PSO), Pakistan Petroleum Ltd. (KASE:PPL), Oil and Gas Development Co., Ltd. (KASE:OGDC), Kot Addu Power Co. Ltd. (KASE:KAPCO), Jamshoro Power Company Limited, Pak Arab Refinery Limited; Karachi Port Trust, Mari Petroleum Company Limited (KASE:MARI), Government Holdings (Private) Limited, Islamabad Electric Supply Company Limited, Faisalabad Electric Supply Company Limited, National Power Construction Corporation (Pvt) Limited, Lakhra Power Generation Company Limited, Peshawar Electric Supply Company Limited, Pakistan Mineral Development Corporation, Saindak Development Corporation, PIA Investments Ltd; Pakistan Civil Aviation Authority, Pakistan National Highway Authority, Pakistan Railways, Multan Electric Power Co. Ltd., Port Qasim Authority, Lahore Electric Supply Company Limited, Hyderabad Electric Supply Company Ltd., Quetta Electric Supply Company Ltd., Services International Hotel, Gujranwala Electric Supply Company Limited; Central Power Generation Company Limited, Sukkur Electric Power Company and Lakhra Coal Development Company Limited.

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