engro powergen limited
Engro Powergen Limited owns and operates Engro Powergen Qadirpur Limited, a 220 megawatt power plant and the group’s first initiative in the power sector of Pakistan. Engro Powergen Qadirpur Limited was listed on the Karachi Stock Exchange in October 2014 where 25% of the shares were offered. As of now Engro Powergen Qadirpur Limited is 69% owned by Engro Corp via Engro Powergen whereas the remainder is owned by the International Finance Corporation (IFC) and employees.
In 2010, Engro Powergen entered into a joint venture with the Sindh government, to establish the Sindh Engro Coal Mining Company Limited, to mine coal from Thar Block-II. A wholly owned subsidiary, Thar Power Company (THARCO) was incorporated with the objective of developing power plants based on Thar coal.