Karachi, March 27, 2010: Engro Energy Limited (EEL), a 95% owned subsidiary of Engro Corporation Limited, announced the achievement of its targeted commercial operations date at the company’s Qadirpur power plant project.
The 217.3 MW (net) power plant became fully operational at midnight on Friday, March 26, 2010. WAPDA has acknowledged the start of operations through the achievement of a ‘Commercial Operations Date’ (COD), effectively meaning that the plant has met all requirements of its Power Purchase Agreement.
Engro Energy Limited is Engro Corp’s first initiative in the power sector of Pakistan, and is the first power project under the 2002 policy based on foreign debt financing. The project will utilize low BTU and high sulphur permeate gas, which is currently being flared from the Qadirpur gas field, thus ensuring economic benefits for the country.