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August 30, 2015 12:35 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 2015.

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.

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To contact Gujranwala Electric Supply Company Limited, please visit www.gepco.com.pk. Company data is provided by Capital IQ. Please use this form to report any data issues.

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