September 19, 2014 4:07 PM ET

Electric Utilities

Company Overview of Lahore Electric Supply Company Limited

Company Overview

Lahore Electric Supply Company Limited engages in the distribution of electricity in Pakistan. Lahore Electric Supply Company Limited was formerly known as Lahore Area Electricity Board and changed its name in March 1998. The company is based in Lahore, Pakistan.

22/A Queens Road

Lahore,  53400

Pakistan

Phone:

92 42 920 4801

Fax:

92 42 920 4803

Key Executives for Lahore Electric Supply Company Limited

Finance Director
General Manager of Operations
General Manager of Technical
Legal Director and Company Secretary
HR Director
Compensation as of Fiscal Year 2014.

Lahore Electric Supply Company Limited Key Developments

Pakistan Government To Privatize Six Companies

The government has decided to privatize 6 power companies on priority basis including, Lahore Electricity Supply Company Limited, Peshawar Electricity Supply Company Limited, Quetta Electricity Supply Company Ltd., Multan Electricity Supply Co., Ltd. Cabinet committee for privatization has decided to include 2 power production companies as well as 4 power supply companies/

U.S. Improves LESCO's Capacity to Reduce Load-Shedding

Marking a milestone in U.S. support to Pakistan's energy sector, U.S. Consul General Nina Maria Fite inaugurated the Power Distribution Control Centre at the Lahore Electric Supply Company (LESCO). The LESCO centre was established with support from the U.S. Agency for International Development (USAID) and will enable LESCO to monitor the flow of power through their grid stations. The new meters will verify actual power flow and reduce unplanned load-shedding.

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 Lahore Electric Supply Company Limited, please visit www.lesco.gov.pk. Company data is provided by Capital IQ. Please use this form to report any data issues.

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