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engro energy
lighting up lives,
The story of Engro Energy goes back to 2008, when a fully owned subsidiary was incorporated by Engro Corporation to develop power projects in Pakistan and beyond. As they say, the rest has been history.
Our first intervention in the energy sphere was launched in the form of Engro Powergen Qadirpur Limited which owns and operates a cutting edge 217 MW power plant in Qadirpur and runs on permeate gas which was previously being flared.
Moving further in its efforts to improve energy efficiency and ecosystem in the country, Engro Energy formed the Sindh Engro Coal Mining Company in collaboration with its partners to unearth and mine one of the world’s largest lignite coal reserves in Thar – achieving a first for the country in terms of becoming one of the only private sector entity with the engineering capability, capacity and expertise to operate and optimize an open-pit mine. Soon thereafter, the Company ventured into establishment of 2×330 MW mine-mouth power plants in Tharparkar through a dedicated subsidiary, Engro Powergen Thar Private Limited. The culmination of these Thar coal projects from inception to financial close and including the stellar project management, which remains inclusive and collaborative, is testament to our organizational knowledge and skill in delivering projects of significant magnitude and strategic importance.
Sales Revenue (for EPQL) as of Dec 31, 2023
Profit After Tax (for EPQL) as of Dec 31, 2023
CAPEX (for EPQL) as of Dec 31, 2023
Earnings Per Share (for EPQL) as of Dec 31, 2023
Our first Independent Power Project (IPP) and unique concept in energy conservation, the 217 MW power plant in Qadirpur is presently one of the green facilities of its kind in Pakistan to utilize permeate gas for power generation and contributing to reduced carbon emissions. The only gas based IPP in Pakistan to reach completion within the stipulated time frame, the Engro Energy Qadirpur plant has opened new doors of opportunity for investors hailing from Pakistan’s private and public sectors.
This project is very unique in a way that it utilizes high sulfur gas which was being flared through Qadirpur Gas Field for almost a decade. The plant uses permeate gas as its primary fuel source and HSD as backup fuel, thus making Engro Powergen Qadirpur Limited one of the lowest opportunity cost thermal power plants in the country.
Engro Energy Qadirpur Limited was listed on the Karachi Stock Exchange in October 2014 where 25% of the shares were offered. As of now, Engro Energy Qadirpur Limited is 68.9% owned by Engro Corporation via Engro Energy whereas the remainder is owned by the International Finance Corporation (IFC) and employees.
Sindh Engro Coal Mining Company (SECMC) is a joint venture between Government of Sindh (GoS), Engro Energy Limited (formerly Engro Powergen Limited) and its partners namely, Thal Limited (House of Habib), Habib Bank Limited (HBL), Hub Power Company (HUBCO); China Machinery Engineering Corporation (CMEC), Engro Energy Limited (formerly Engro Powergen Limited) and its partners namely; Thal Limited (House of Habib), Habib Bank Limited (HBL), Hub Power Company (HUBCO); China Machinery Engineering Corporation (CMEC).
SECMC was created with the vision “to develop a technically and commercially viable Coal Mining Project in Thar Block – II to bring energy security to Pakistan”. The total reserves of block II are sufficient to support 5000MW of energy for 50 years; enough to pull the country out of the energy crisis.
Engro Powergen Thar Private Limited (EPTL) was formed in 2014 to set up a 2x330MW power project in Thar Block II, Sindh, Pakistan. The company is a joint venture between Engro Powergen Ltd (EPL) (with 50.1% ownership), China Machinery Engineering Corporation (CMEC), Habib Bank Ltd (HBL), and Liberty Mills Limited. The project successfully achieved commercial operations date on July 10, 2019.
EPTL’s power project is a pioneering project in generating electricity using indigenous lignite coal from the Tharparkar district. It is the first Company to have demonstrated proof of concept and successfully produced upto 660MW of electricity linking it to the national grid via 500kV double circuit transmission line from Thar to Matiari on to Jamshoro/Moro.
As we invest in projects geared towards this objective, we are confident that we will be able to inspire lasting innovations that will pave the way for brighter living and a robust future filled with potential for economic growth and new opportunities in Pakistan. Our growth is fueled by our passion for engineering excellence and we are constantly pursuing investment opportunities in the energy sector of Pakistan.
