Lucky Electric Power Company Limited (LEPCL), a wholly-owned subsidiary ofLucky Cement, is ready to generate electricity from its 660MW power plant,which has been set up with an investment of approximately Rs. 1.315 billion.
The company had arranged an amount of Rs. 750 million foreign financing forevacuation of power, whereas the company arranged a financing amount of Rs.450 million from the domestic resources.
According to stock filing, the power-producing company successfullycompleted the commissioning of its 660 MW lignite coal-based power plant atDeh Ghangiaro, Bin Qasim, Karachi.
The power plant was synchronized with the national grid towards the end of2021, and since then, has been involved in extensive testing and completingrelevant inspections and commissioning, thereby achieving CommercialOperations Date (COD) on 21 March 2022.
Read Top Stories
“The power plant has been designed to operate on Thar Lignite Coal, subjectto its availability; however, during the interim period, it will mainlyoperate on imported Lignite Coal till the completion of Phase-III of SindhEngro Coal Mining Company (SECMC), which is expected in the second quarterof 2023,” read the notice.
The addition of 660 MW electricity to the national grid will not only playa key role in increasing the energy security and prosperity of Pakistan,but will also go on to reduce the cost of electricity and reliance onimported fuel after completion of Phase-III of SECMC.
