Heavy Electrical Complex

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]

Heavy Electrical Complex (HEC)

Company type	Private
Industry	Electrical engineering
Headquarters	Haripur , Pakistan
Key people	Mahmoud Haq (chairman)
Products	Power transformers
Production output	3,000 MVA annually
Owner	IMS Engineering (96.6%)
Website	www.hec.net.pk

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

• Heavy Mechanical Complex