Heavy Electrical Complex

Last updated
Heavy Electrical Complex (HEC)
Company type Private
Industry Electrical engineering
Headquarters,
Key people
Mahmoud Haq (chairman)
ProductsPower transformers
Production output
3,000 MVA annually
OwnerIMS Engineering (96.6%)
Website www.hec.net.pk

Heavy Electrical Complex (HEC) is a power transformer manufacturing facility located in Hattar Industrial Estate, Haripur, Pakistan. [1] The facility has an annual production capacity of 3,000 MVA. [2]

Contents

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

Related Research Articles

<span class="mw-page-title-main">Sir Syed University of Engineering and Technology</span> Private research university in Karachi, Pakistan

Sir Syed University of Engineering and Technology is a private research university located in the urban area of Karachi, Sindh, Pakistan. The university is honored in the name of notable 19th-century Indian Muslim reformer and philosopher, Sir Syed Ahmad Khan.

<span class="mw-page-title-main">Ghulam Ishaq Khan Institute of Engineering Sciences and Technology</span> University in Pakistan

The Ghulam Ishaq Khan Institute of Engineering Sciences and Technology is a private research university located in Topi, Khyber Pakhtunkhwa in Pakistan. The institute has a 400-acre (1.6 km2) campus that is located in the vicinity of Swabi District.

<span class="mw-page-title-main">University of Lahore</span> Private university in Lahore, Pakistan

The University of Lahore, abbreviated as UOL, is a private university located in Lahore, Punjab, Pakistan.

<span class="mw-page-title-main">Pakistan Steel Mills</span> Steel production company based in Pakistan

The Pakistan Steel Mills Corporation, colloquially referred to as Pak Steels, is a Pakistani state-owned company that produces long-rolled steel and heavy metal products in the country.

<span class="mw-page-title-main">Mehran University of Engineering & Technology</span> Engineering university in Jamshoro, Pakistan

Mehran University of Engineering & Technology is a public research university located in Jamshoro, Sindh, Pakistan focused on STEM education.

<span class="mw-page-title-main">Air University Pakistan</span> Public university in Islamabad, Pakistan

The Air University (AU) (Urdu: جامعہ فضایہ) is a federally chartered public sector research university in Pakistan. Established in 2002, its main campus is located in the capital city of Islamabad, Pakistan. The university has two other functional campuses, Aerospace and Aviation Campus at Kamra and a campus at Multan.

<span class="mw-page-title-main">BEML</span> Indian heavy equipment manufacturer

BEML Limited, formerly Bharat Earth Movers Limited, is an Indian public sector undertaking which manufactures a variety of heavy equipment, such as that used for earth moving, railways, transport and mining. It is headquartered in Bangalore. BEML is Asia's second-largest manufacturer of earth moving equipment. Its stock trades on the National Stock Exchange of India under the symbol "BEML", and on the Bombay Stock Exchange under the code "500048".

<span class="mw-page-title-main">National University of Modern Languages</span> University in Islamabad, Pakistan

The National University of Modern Languages (NUMLs) (Urdu: قومی جامعہ جدید زبانیں) is a multi-campus public university with its main campus located in Islamabad, Pakistan and other campuses in different cities of Pakistan.

<span class="mw-page-title-main">Bahauddin Zakariya University</span> Pakistani public university

Bahauddin Zakariya University (BZU) (Urdu: جامعۂ بہاءالدین زکریا) is a public university with its main campus located in Multan, Pakistan. Bahauddin Zakariya University was founded in 1975 as Multan University, and is the 2nd largest university in Punjab. It was renamed in 1979 in honour of a Sufi saint Baha-ud-din Zakariya (1171-1262).

Lodhran, is a city and the capital of Lodhran District in the Punjab province of Pakistan. It is Pakistan's 81st largest city. It is located on the northern side of River Sutlej. Lodhran is famous for its cotton crop and mangoes.

Navi Mumbai International Airport, officially named as D. B. Patil International Airport, is an international airport being constructed in Ulwe, Navi Mumbai, Raigad district, Maharashtra, India. When completed, it will become the second airport of the Mumbai Metropolitan Region, serving alongside Mumbai's existing Chhatrapati Shivaji Maharaj International Airport.

<span class="mw-page-title-main">HITEC University</span>

HITEC University is a private university located in Taxila Cantonment, Punjab, Pakistan.

<span class="mw-page-title-main">Privatisation in Pakistan</span> Economic programme

The privatisation process in Pakistan, sometimes referred to as denationalisation programme or simply the privatisation in Pakistan) is a continuous policy measure program in the economic period of Pakistan. It was first conceived and implemented by the then-people-elected Prime Minister Nawaz Sharif and the Pakistan Muslim League, in an attempt to enable the nationalised industries towards market economy, immediately after the economic collapse of the Soviet Union in 1989–90. The programme was envisaged and visioned to improve the GDP growth of the national economy of Pakistan, and reversal of the nationalisation programme in 1970s— an inverse of the privatisation programme.

The Quaid-e-Azam Solar Park is a photovoltaic power station in Bahawalpur, Punjab, Pakistan, named in honor of Quaid-e-Azam Muhammad Ali Jinnah, the Founder of Pakistan. It is a 400 MW solar facility spanning an area of 8 km2 and hosting 1.6 million solar modules. The initial phase of the project was constructed by the Government of Punjab through a 100% owned subsidiary QA Solar in May 2015 at a cost of $131 million. On 5 May 2015, the then Prime Minister of Pakistan Nawaz Sharif inaugurated the first 100 MW project and dedicated it to the nation. Subsequent expansion was done in public-private partnership with Appolo Solar Development Pakistan Limited, Best Green Energy Pakistan Limited and Crest Energy Pakistan Limited each installing a 100 MW unit. The next phase of 100 MW will be installed by Zorlu Solar Pakistan (Pvt.) Limited, making it a 500 MW facility. Total planned capacity of the solar park is 1,000 MW.

The University of Chakwal (UOC) is a public university located in Chakwal, Punjab Pakistan. It was established in January, 2020 through the University of Chakwal ACT 2019 (Punjab Act No. I of 2020). An exalted chapter was added in the history of Pakistan as well as the Chakwal district, when the incumbent Minister for Higher Education Department, Govt. of the Punjab, Raja Yassir Humayun, presented the bill of establishment of "University of Chakwal" in the Punjab Assembly which was approved unanimously by combining Government Post Graduate College (Chakwal) and Old Kachehri Balkasar Sub-campuses of University of Engineering and Technology, Taxila.

<span class="mw-page-title-main">Maple Leaf Cement</span> Pakistani building materials company

Maple Leaf Cement is a Pakistani cement manufacturer based in Lahore. It is the fifth-largest cement manufacturer in Pakistan after Lucky Cement, DG Cement, Bestway Cement, and Fauji Cement.

<span class="mw-page-title-main">Aqeel Ahmed (colonel)</span> Pakistani army colonel

Colonel Aqeel Ahmed SI(M) born 11 April 1965, is a Pakistani army colonel who currently holds the post of Secretary Heavy Industries Taxila, Ministry of Defence Production and Director Heavy Industries Taxila Education Welfare Trust after his retirement from Army. During his uniform days he Previously served as the General Manager Production (GM-P) Heavy Industries Taxila Taxila from 2007 to 2012. He belongs to the corps of EME and 70th Pakistan Military Academy Long Course. He was promoted to the rank of colonel in September 2007 and got retired from Pakistan Army in December 2012

Engro Fertilizers is a Pakistani fertiliser manufacturing company headquartered in Karachi with its manufacturing facility located at Daharki, and a facility located at Port Qasim as well. It is a subsidiary of Engro Corporation. It has 35% market share of the Pakistani fertilizer market as of 2023.

The Pakistan Privatisation Commission is a government agency in Pakistan under the Ministry of Privatisation that is responsible for implementing the government's privatisation program. The commission is tasked with the open and transparent privatisation of federal government assets such as its stake in banks, industrial units, public utilities, oil, gas, transport companies and infrastructure service providers.

References

  1. 1 2 Desk, Monitoring (January 3, 2024). "Govt completes privatisation of Heavy Electrical Complex". Profit by Pakistan Today.
  2. "HEC privatisation completed, IMS Engineering plans to upgrade and expand facility". www.thenews.com.pk.
  3. Desk, Web (January 2, 2024). "Privatisation of Heavy Electrical Complex completed". ARY NEWS.
  4. "Govt Concludes Privatization of Heavy Electrical Complex".
  5. "Jan 03, 2024 | Divestment of Heavy Electrical Complex complete". Dawn Epaper. January 3, 2024.[ permanent dead link ]
  6. "HEC's land to be handed to SPD". The Express Tribune. July 12, 2023.