# Waves Singer Pakistan expresses interest in acquiring Heavy Electrical Complex

Waves Singer Pakistan Limited submitted an expression of interest to acquire 96.6% shares of Heavy Electrical Complex from the Government of Pakistan through privatization.

- Type: Acquisition
- Announced: 2021-02-01
- Where: Hattar Industrial Estate, Haripur, Pakistan
- Status: rumored
- Capacity: 3,000 MVA per year
- Products: power transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Government of Pakistan](https://endata.com/companies/23263.md) (investor)
- [Waves Singer Pakistan Limited](https://endata.com/companies/52978.md) (acquirer)
- [Heavy Electrical Complex (Private) Limited](https://endata.com/companies/52979.md) (target)

## Sources

- [thenews.com.pk](https://www.thenews.com.pk/print/783635-waves-shows-interest-in-buying-heavy-electrical-complex), 2021-02-02: "The board of directors of Waves Singer Pakistan Limited (WSPL) has approved submission of an expression of interest (EOI) for the acquisition of 96.6 percent shares in Heavy Electrical Complex (Private) Limited (HEC) from the Government of Pakistan by way of privatization process."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.