Heavy Electrical Complex: Difference between revisions
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'''Heavy Electrical Complex''' ('''HEC''') is a power [[transformer]] manufacturing facility located in |
'''Heavy Electrical Complex''' ('''HEC''') is a power [[transformer]] manufacturing facility located in Hattar Industrial Estate, [[Haripur, Pakistan|Haripur]].<ref name="auto">{{Cite web|url=https://profit.pakistantoday.com.pk/2024/01/03/govt-completes-privatisation-of-heavy-electrical-complex/|title=Govt completes privatisation of Heavy Electrical Complex|first=Monitoring|last=Desk|date=January 3, 2024|website=Profit by Pakistan Today}}</ref> The facility has an annual production capacity of 3,000 MVA.<ref>{{Cite web|url=https://www.thenews.com.pk/print/1144150-hec-privatisation-completed-ims-engineering-plans-to-upgrade-and-expand-facility|title=HEC privatisation completed, IMS Engineering plans to upgrade and expand facility|website=www.thenews.com.pk}}</ref> |
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==History== |
==History== |
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===Land transfer=== |
===Land transfer=== |
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The government handed over the vacant HEC land to the |
The government handed over the vacant HEC land to the Strategic Plans Division (SPD). The [[Ministry of Industries and Production]] had asked the [[Economic Coordination Committee (Pakistan)|Economic Coordination Committee]] (ECC) to review its earlier decision to transfer HEC land to SPD and authorize it to proceed in this regard.<ref>{{Cite web|url=https://tribune.com.pk/story/2425781/hecs-land-to-be-handed-to-spd|title=HEC's land to be handed to SPD|date=July 12, 2023|website=The Express Tribune}}</ref> |
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==See also== |
==See also== |
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[[Category:Energy companies of Pakistan]] |
[[Category:Energy companies of Pakistan]] |
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[[Category:Companies based in Khyber Pakhtunkhwa]] |
[[Category:Companies based in Khyber Pakhtunkhwa]] |
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[[Category:Military research of Pakistan]] |
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Revision as of 14:15, 26 June 2024
| Company type | Private |
|---|---|
| Industry | Electrical engineering |
| Headquarters | , |
Key people | Mahmoud Haq (chairman) |
| Products | Power transformers |
Production output | 3,000 MVA annually |
| Owner | IMS Engineering (96.6%) |
| Website | www |
Heavy Electrical Complex (HEC) is a power transformer manufacturing facility located in Hattar Industrial Estate, Haripur.[1] The facility has an annual production capacity of 3,000 MVA.[2]
History
Privatisation
In late 2023, the privatization of HEC was completed with the handing over of share certificates to the buyer, IMS Engineering.[3][4] The buyer paid Rs 1.4 billion for a 96.6 percent stake in HEC and also assumed additional liabilities of Rs 752 million to Bank of Khyber.[1][5]
Land transfer
The government handed over the vacant HEC land to the Strategic Plans Division (SPD). The Ministry of Industries and Production had asked the Economic Coordination Committee (ECC) to review its earlier decision to transfer HEC land to SPD and authorize it to proceed in this regard.[6]
See also
References
- ^ a b Desk, Monitoring (January 3, 2024). "Govt completes privatisation of Heavy Electrical Complex". Profit by Pakistan Today.
{{cite web}}:|last=has generic name (help) - ^ "HEC privatisation completed, IMS Engineering plans to upgrade and expand facility". www.thenews.com.pk.
- ^ Desk, Web (January 2, 2024). "Privatisation of Heavy Electrical Complex completed". ARY NEWS.
{{cite web}}:|last=has generic name (help) - ^ "Govt Concludes Privatization of Heavy Electrical Complex".
- ^ "Jan 03, 2024 | Divestment of Heavy Electrical Complex complete". Dawn Epaper. January 3, 2024.
- ^ "HEC's land to be handed to SPD". The Express Tribune. July 12, 2023.