Engro Powergen Qadirpur Limited

green power – it’s all about going green

Incorporated in 2008 as a subsidiary to develop power projects in Pakistan, Engro Powergen is Engro Corp’s first initiative into the country’s power sector. Our aim is to ease the burden on the nation’s energy sector by developing projects exploring cleaner, more efficient and economically viable sources of power generation including wind, hydro and solar energy. Engro Powergen Limited owns and operates Engro Powergen Qadirpur Limited, a 217 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.

Our first Independent Power Project (IPP) and unique concept in energy conservation – the 217 MW power plant in Qadirpur is presently the only green facility of its kind in Pakistan to utilize permeate gas for reduced carbon emissions. The only gas based Independent Power Project in Pakistan to reach completion within the stipulated time frame, the Engro Powergen 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. This energy conservation idea showed the waste gas a right path to burn. This is a one + 1 + one configuration dual fuel fired combined cycle power plant with a 123 MW Gas T Turbine, 400 tons/hour Heat Recovery Steam Generator and 110 MW Steam Turbine.

As we forge ahead, Engro Powergen Qadirpur will continue to pave the way for brighter living with investments aimed at boosting the nation’s energy sector, preserving the environment, inspiring new innovations and forming lasting changes within the communities that we engage with.

vision

To ensure affordable energy and reliable operations thereby creating value for all stakeholders

mission

Plant operations and maintenance in a manner resulting in continuous supply to national grid by harnessing human talent and local resources giving high priority to health, safety and environment in a positive, sustainable and affordable way.

  • Registered Office | 4th Floor, The Harbour Front Building, HC-3, Marine Drive, Block 4, Clifton, Karachi-75600, Pakistan
  • Plant site | Engro Powergen Qadirpur Plant Site, Deh Belo Sanghari, Taluka, District Ghotki, Pakistan
  • Company Registration Number | 0054111
  • Status of the Company | Public listed
  • NTN | 2639742-7
  • Legal Advisor | Yaqub Kapadia
  • External Auditor | A.F. Ferguson & Co.
  • Share Registrar | FAMCO Associates (Private) Limited, 8-F, next to Hotel Faran, Nursery, Block 6, P.E.C.H.S., Sharah-e-Faisal, Karachi

Certifications

  • Green Office Certification
    The EPQL Head office has been certified by WWF as a Green Office. Three (3) indicators were audited for the said purpose; paper reduction, energy conservation and waste reduction, which were all found to be satisfactory by WWF.
  • DuPont Certification
    DuPont’s Process Safety system has been acknowledged as one of the top safety management systems worldwide. EPQL Plant site achieved a DuPont rating of 3.58 making it the only Engro subsidiary to achieve this certification within 2.5 years of commencement of commercial operations.
  • 5-S Certification
    EPQL has been awarded the 5-S Certification for Warehouse Management by National Productivity Organization (NPO), Ministry of Industries, GoP.

Membership

  • Independent Power Producers Advisory Council (IPPAC)

Investor Information

  • Stock Information | Engro Powergen is a stock traded on the Karachi and Islamabad Stock Exchanges under the symbol “EPQL”. Please visit the respective stock exchange websites for further details:-
    Karachi Stock Exchange (KSE): www.kse.com.pk
    Islamabad Stock Exchange (ISE): www.ise.com.pk

Associated Company

ENGRO POWERGEN QADIRPUR LIMITED
RATIOS OF THE LAST 6 YEARS 2011 THROUGH 2016

RATIOS 2016 2015 2014 2013 2012 2011
Profitability Ratios:
Gross profit margin (%) 0.1958201789 0.184577531 0.224423147 0.190610787 0.225684806 0.274441277
Net profit margin (%) 0.156105661 0.134607572 0.167826232 0.168294418 0.180078016 0.214187577
Net income to equity ratio (%) 0.2114443000 0.240024464 0.308078845 0.264034476 0.310837349 0.349532529
Liquidity Ratios:
Current ratio (Times) 0.917164644 0.944290999 0.977844863 0.941980144 1.257182597 1.200410159
Quick / acid test ratio (Times) 0.862908613 0.876879751 0.898053661 0.848583403 1.206996897 1.116202942
Activity / Turnover Ratios:
No. of Days in Receivables
No.of Days in Payables
Total assets turnover ratio (Times) 0.569965633 0.682989117 0.632791273 0.455281212 0.478779433 0.404546389
Operating cycle
Investment /Market Ratios:
Earnings per share (PKR) 5.5209635578 5.551229154 6.24 4.5 6.49 5.58
Price earnings ratio (Times) 6.33041671 6.15719493 6.594551282 N/A N/A N/A
Dividend payout ratio (%) 0.543383409 0.630490996 0.487179487 1.371111111 0.546995378 0.512544803
Dividend cover ratio (Times) 1.840321185 1.586065473 2.052631579 0.729335494 1.828169014 1.951048951
Market value per share at the end of the year and  (PKR) 34.95 34.18 41.15 N/A N/A N/A
         high during the year (PKR) 35.47 46.5 44.55 N/A N/A N/A
         low during the year (PKR) 28.55 34 38.21 N/A N/A N/A
Breakup value per share (PKR) 26.11072303 23.12776396 20.10289994 17.0577795 20.87170476 15.78959518
Cash dividend (PKR per share) 3.00 3.5 3.04 6.17 3.55 2.86
Capital Structure Ratios:
Weighted average cost of debt (%) 0.046388099 0.036189537 0.033767525 0.03685247 0.040155533 0.035951154
Debt to equity ratio (Times) 0.75733453 1.07436255 1.409205633 1.990126933 1.676210497 2.24708206
Interest cover ratio (Times) 7.23658773 7.18866568 7.64 4.7 5.48 5.28

Note: Commercial operations commenced from March 27, 2010