energyNP.com  
Tel
98510-91900 
Email
energyNP@hotmail.com 
Menu

 
 
News  
Back to energy news list >>>
 

 
 
 Air Conditioner
 Battery
 Booster Pump
 Charger
 Cold Storage Room
 Electric Power Tools
 Electric Water Heater
 Garbage Disposal
 Station
 Generator
 Heat Pump
 Inverter
 Power Supply
 Rectifiers
 Self Priming Pump
 Solar Energy
 Solar Water Heater
 Transformer
 UPS
 Voltage Stabilizer
 Wind Energy
 
  Korean Company Acquires Shares in Pakistani Hydro Power Entity

The Competition Commission of Pakistan (CCP) has approved a merger that will see a Korean company investing in Pakistan’s hydropower sector. The transaction involves Korea-based M/s. DL E&C Co. Ltd (Acquirer) acquiring shares in Pakistani company M/s Mira Power Limited (MPL), which operates the 102 MW Gulpur hydropower plant, from M/s. DL Holdings Co. Ltd (Seller).

The Acquirer is a Korean registered company, which mainly operates as a construction company, and also provides engineering, procurement, and construction solutions in South Korea and internationally. On the other hand, MPL is a public limited company (Unlisted) existing under the laws of Pakistan.

MPL is a subsidiary of Korea Energy (KOEN), a South Korean based electricity generating company. MPL has been successfully generating power since 2020 in Pakistan via the 102 MW Gulpur hydropower plant located in Kotli district, Azad Jammu & Kashmir.

MPL had submitted a pre-merger application to the CCP pursuant to Section 11 of the Competition Act, 2010. Both the Acquirer and Seller entered into a Share Purchase Agreement for the sale of shares back in July 2023.

In its competition assessment, CCP determined that MPL’s estimated share in the market is less than 1%, and this transfer of ownership will not result in any modification of the MPL`s presence in the market. The proposed transaction will not lead to the dominance of the Acquirer in the relevant market post-transaction, and therefore, the merger was authorized.

Moreover, it is a significant vote of confidence of international investors’ appetite for Power Sector in Pakistan.

by pakobserver

[20 February, 2024 / world-energy.org ]   
 
 
Voltage Stabilizer Nepal Kathmandu
 
UPS Nepal Kathmandu
 
Lithium iron battery LiFePO4 Battery Nepal Kathmandu
 
Inverter Hybrid On-grid Off-Grid Energy Storage Solar Inverter Nepal Kathmandu
 
Solar Water Heater Nepal Kathmandu
 
GREE Air Conditioner Residential Nepal Kathmandu
 
Solar Water Heater Nepal Kathmandu
 
Gree Air Purifier Kills Novel Coronavirus Nepal Kathmandu
 
Battery Charger Nepal Kathmandu
 
Complete Power Solution
 
 
 
 
Solar Water Heater Nepal Kathmandu Solar Energy Nepal Kathmandu Wind Power Nepal Kathmandu Power Generator Nepal Kathmandu Voltage Stabilizer Nepal Kathmandu Transformer Nepal Kathmandu AirConditioner Nepal Kathmandu Battery Nepal Kathmandu UPS System Nepal Kathmandu Rectifier Nepal Kathmandu
 
 
Link: The Official Portal of Goverment of Nepal Nepal Electricity Authority Nepal Alternative Energy Promotion Centre Nepal Telecom Nepal Department of Agriculture Nepal Department of Industry wow Nepal! Nepal Global Buying SIMONES Industries|Nepal Power Solution
  Nepal Goverment Nepal Electricity Authority Nepal Alternative Energy Promotion Centre Nepal Telecom Nepal Department of Agriculture Nepal Department of Industry wow-Nepal | Nepal Global Buying SIMONES Industries |Nepal Power Solution
 
Fair: Investment Summit Nepal Himalayan Hydro Expo Nepal Kathmandu China International Import Expo China Import and Export Fair China-South Asia Exposition Guangzhou Int’l Refrigeration, Air-Condition, Ventilation, Air-Improving Equipment Exhibition Guangzhou International Solar Photovoltaic Exhibition Asia Battery Sourcing Fair
  Investment Summit Nepal Himalayan Hydro Expo Nepal China International Import Expo China Import and Export Fair China-South Asia Exposition Int'l Refrigeration, Air-Condition Fair Int'l Solar Photovoltaic Exhibition Asia Battery Sourcing Fair
 
Copyright @ 2014 All right reserved. Simones Industries