Kot Addu Power

Kot Addu Power Co Ltd. Kot Addu Power Company Limited is a Pakistan-based power generation company. The Company's principal activities are to own, operate and maintain a multi-fuel fired power station with approximately 15 generating units with a nameplate capacity of 1,600 megawatts (MW) in Kot Addu, District Muzaffargarh, Punjab, Pakistan. The Company also sells the electricity produced therefrom to a single customer, the Pakistan water and power development authority. The power plant is a multi-fuel gas-turbine power plant using three fuels to generate electricity: gas, light sulfur furnace oil and high speed diesel. The plant's combined cycle technology enables it to use the waste heat from the gas turbine exhaust to produce steam in the heat recovery steam generator, which in turn is used to run the steam turbines.
  • TickerKAPCO
  • ISINPK0083101011
  • ExchangePakistan Stock Exchange
  • SectorElectricity
  • CountryPakistan
Yusra Beg

Pakistan utilities: Govt favours CPEC and renewable power plants in disbursement

As per channel checks, the Government of Pakistan has chalked out the disbursement plan for cPKR200.9bn worth of proceeds from the Energy Sukuk II. This Sukuk issue is government guaranteed, has a 10yr tenure with bi-annual profit payments (at 6M KIBOR minus 10bps), and will be subsequently listed on the PSX. This follows the first Sukuk issued in March 2019 (also PKR200bn size). The bulk of the disbursement (c59%) will be made to hydel plants, WAPDA and coal-fired IPPs. Note that many of the...

Ali Asghar Poonawala

Pakistan Energy :An uneven recovery for cracks post COVID-19 , (AKD Daily, Jun 02, 2020)

Pakistan Energy: An uneven recovery for cracks post COVID-19 POL product cracks moved erratically during May’20, aided by limited upsides priced into the demand scenario and underlying crude benchmarks recovering (May’20/FY20TD Arab light Average of US$26.3/54.1/bbl), as May’20 HSD/MS crack to Arab Light for the month averaged US$+1.9/-1.7/bbl standing below FY20TD average of US$+8.3/+US$1.1/bbl, where HSD cracks slipped drastically (-74%MoM) during the month HSFO cracks retraced back to 3QCY19 levels falling 7.8xMoM to US$-5.5/bbl, where global industrial demand (April’20 PMIs at all-time...

Team AKD Research

AKD STOCK SMART, Feb 28, 2020

StockSmart                        Weekly Review                                 Following global equities, KSE-100 index drained 5.6%WoW to close at 37,984pts as foreigners trimmed their positions (net sell: US$22.5mn) preferring safer assets amidst impact of spread of Coronavirus outside China on global growth outlook. Mutual funds followed suit with a net sell of US$11.6mn. The selling was absorbed by Insurance (Net Buy: US$25.3mn) and Banks/DFIs (Net Buy: US$7.8mn). Average volumes also improved to 173.5mn shares vs. 106.4mn shares in the previous week. Coronavirus fears overshadowed pos...

KAPCO: Little to cheer, (AKD Daily, Dec 16, 2019)

We revisit our investment case on Kot Addu Power Company (KAPCO) with a TP of PkR31.2/sh, implying a Sell stance on last close. We incorporate a ‘Take and Pay’ agreement for KAPCO beyond its PPA expiry (FY21) till FY30, given plant’s remaining life expected at 10-15 years. We believe that the ‘Escalable’ component of the tariff shall continue in its existing form—however, it will be linked to the utilization level (28% assumption incorporated), as opposed to plant availability (91% in FY19) under the revised PPA. Despite potential PPA revision, we highlight (i) reduction in payouts due to ...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

Insider sold: A director sold 50,500 shares at 75.120PKR and

A director at Kot Addu Power Co Limited sold 50,500 shares at 75.120PKR and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. T...

Yusra Beg

Pakistan utilities: Govt favours CPEC and renewable power plants in disbursement

As per channel checks, the Government of Pakistan has chalked out the disbursement plan for cPKR200.9bn worth of proceeds from the Energy Sukuk II. This Sukuk issue is government guaranteed, has a 10yr tenure with bi-annual profit payments (at 6M KIBOR minus 10bps), and will be subsequently listed on the PSX. This follows the first Sukuk issued in March 2019 (also PKR200bn size). The bulk of the disbursement (c59%) will be made to hydel plants, WAPDA and coal-fired IPPs. Note that many of the...

Ali Asghar Poonawala

Pakistan Energy :An uneven recovery for cracks post COVID-19 , (AKD Daily, Jun 02, 2020)

Pakistan Energy: An uneven recovery for cracks post COVID-19 POL product cracks moved erratically during May’20, aided by limited upsides priced into the demand scenario and underlying crude benchmarks recovering (May’20/FY20TD Arab light Average of US$26.3/54.1/bbl), as May’20 HSD/MS crack to Arab Light for the month averaged US$+1.9/-1.7/bbl standing below FY20TD average of US$+8.3/+US$1.1/bbl, where HSD cracks slipped drastically (-74%MoM) during the month HSFO cracks retraced back to 3QCY19 levels falling 7.8xMoM to US$-5.5/bbl, where global industrial demand (April’20 PMIs at all-time...

Team AKD Research