The Competition Commission of Pakistan (CCP) has given its approval for a merger within the thermal power sector, which includes the acquisition of a 20.97% shareholding of Orient Power Company by a private entity.
This significant development comes as Whistler Enterprises Private Limited, a recently established company under Pakistani law, enters the scene.
Whistler Enterprises Private Limited is dedicated to providing products and services in the power generation business, indicating its strategic interest in expanding its presence within the energy sector.
Meanwhile, Orient Power Company Private Limited, an independent power producer, operates a 225 MW power plant in Kasur.
The merger is expected to boost efficiency and productivity in the thermal power sector, promoting competition and innovation. The Competition Commission's approval ensures that the deal meets the regulatory requirements, safeguarding consumer interests and market competition.
