KARACHI - After the complete acquisition of 50 per cent share of AES Lal Pir and AES Pak Gen from AES Corporation of USA, the Nishat Group has become a major energy provider within Pakistan, generating over 1,200 MW excluding Captive Power. AES Lal Pir and AES Pak are based in Muzaffar Garh and were established in late 1990 under 1994 IPP policy. The generation capacity of these two units is 727 MW, using state of the art steam turbine. These plants which have been acquired are managed by an excellent and dedicated team of professionals. In this acquisition Nishat Group and Associates collectively own 50 per cent of the shares whereas Abu Dhabi has acquired 30% and City School 20%. Nishat Group and its consortium members are optimistic about the future of this sector in spite of the present concerns over circular debt and is totally committed to build upon and expands its generation capacity within Pakistan playing its due role to reduce the energy shortfall particularly affordable energy to PEPCO for distribution, sources added.