DHA Cogen Limited, Karachi acquired by Ashmore Energy International
After banking and telecommunications sector, it seems that international investors are now eyeing energy sector in Pakistan. In a recent development Ashmore Energy International (AEI), a Cayman Islands company controlled by funds managed by UK’s Ashmore Investment Management, acquired controlling assets of DHA Cogen Limited, Karachi.
DHA Cogen Limited (DCL) (according to their web site) is a Public Limited Company incorporated in Karachi on January 19, 2003. DCL is a joint venture between Defence Housing Authority, Karachi (DHA) and Sacoden Investments, Singapore (SI). Its existing Board of Directors comprises representatives of both DHA and SI in the ratio of two to four respectively with another member nominated by Faysal Bank Limited, owing to their placement in the Share capital of the Company.
DHA Cogen Limited was primarily formed to build and operate a Power Generation and Water Desalination Complex to fulfill the needs of electricity and potable water of the entire Defence Housing Scheme of Karachi. Net Capacity of Power Plant is approximately 94 MW with a Gross Capacity of 110MW. Sui Southern Gas Company provides Natural Gas to generate electricity, which is then passed on to KESC to be redistributed in DHA. Water Desalination plant is intended for the purification of 3 million gallons of seawater daily.
Ashmore Energy International has a history of investing in geo-politically troubled areas. In past year it has extensively purchased assets in Brazil, Bolivia, Peru, Colombia and Chile from energy companies like Shell, Suez Energy International, Promigas, Prisma Energy (subsidiary of Enron) and GasAtacama.
All of the South American countries have one common denominator, Energy Crisis.
So, is DHA Cogen Limited really prospective enough to tempt Ashmore Energy International in making its first investment in South Asia? or is something missing from the picture? Let’s see…
Other posts by Kashif Aziz
- Taliban of Punjab Police - March 3rd, 2010
- Chile Earthquake, Hawaii Tsunami and Social Media - February 28th, 2010
- President Zardari apologized for childbirth in rickshaw - February 26th, 2010
- Reason of Traffic Jams in Karachi - February 19th, 2010
- Mullah Abdul Ghani Baradar, Top Most Taliban Leader Caught in Karachi - February 16th, 2010
- PTCL Launches Largest Data Center of Pakistan - February 15th, 2010
- Reflections On Twin Blasts in Karachi - February 6th, 2010
- Aafia Siddiqui convicted, may be sentenced for 60 years - February 4th, 2010
- Dawn News going down the Drain? - January 30th, 2010
- Has Karachi Gone To Dogs? - January 27th, 2010
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Introduction
After serving Military Engineers Services (MES) and Army Housing Directorate (AHD), In 2004 Faqir Muhammad Khan, opened an entrepreneurial construction firm in Karachi. Over the years, the Faqir family of employees built a thriving construction business on the principles of quality, Service and value.
Today, Modern Dynamic Associates (MDA) is a leading construction firm providing pre-construction, general contracting, construction management, design-build and development services.
Faqir’s team of 50 experts is responsible for constructing premier office, healthcare, senior housing, retail, industrial, tenant interiors, residential condominium, aviation, and community projects, such as libraries, Masjids and educational institutions. A strong commitment remains to the principles the company quality construction, superior client service and tremendous value.
With a large, seasoned field staff of self-perform tradesmen in such specialized industries as demolition, carpentry, metal stud, drywall, taping, painting and flooring, we not only ensure quick responses and competitive prices, we also guarantee quality.
Having built a reputation for providing clients with pioneering and cost-effective construction services, MDA utilizes an innovative bidding process that is unique to the industry and allows for the most accurate estimating available. It has proven its value by saving clients significant time and money on various construction projects.
MDA is headquartered in Karachi.
MDA is a general contractor and construction company of new and renovated projects. It is a Pakistani company, based at Karachi Sindh, catering to needs of industrial and residential construction needs in Karachi, and other regions of Sindh and nationwide. Construction Services include commercial office, transportation, hospitality, public assembly, retail, institutional, industrial, entertainment, laboratory, distribution, mixed-use, educational, correctional, health care, research and development, and sports facilities. These are built for both public and private clients using various delivery methods.
MDA is an association of qualified, experienced and mutually consistent professionals who are recognized as proficient of their respective fields of execution, design and planning and have been working together on diverse construction projects consisting scope of civil, mechanical and electrical works including:
1 – Installation and monitoring of telenore to towers on behalf of Cummins sales & services.
2 – Internal Electrification of apartments and bungalows in Asker IV Karachi.
3 - Construction of UG water tank 45000 Glns.
4 - Repairs to Roads.
5 - Substations 2 Nos.
6 - Railing of Compound wall.
7 - External sewage line for Askari Apartments.
8- Installation of sewerage system in sector 75 – A at Taiser Town, Scheme – 45, Karachi.
9- Construction of Strom Water Drains along Road D – 21 at Taiser Town, Scheme – 45, Karachi.
10- Construction of Strom Water Drains along Road E – 02 at Taiser Town, Scheme – 45, Karachi.
MDA comprises of professionals having vast working experience with national and international professionals like,
Malir Development Authority, CDGK.
Military Engineer Services (MES)
SIEMENS PAKISTAN
MDA does realize and lay the importance to proper workmanship for:
MDA’s client does not get the services of contractor only rather consulting services are also provided without any extra account just to introduce standard contractor practices.
This is for our short introduction, our complete company’s profile may be provided to all clients interested in our services.
Muhammad Zeeshan Khan