Showing posts with label Engro power initial public offering. Show all posts
Showing posts with label Engro power initial public offering. Show all posts

Tuesday, September 16, 2014

Engro Powergen Qadirpur Ltd (EPQL)

IPO @ Rs30.02/sh |Buy |Commendable
 
Engro Powergen Qadirpur Limited was incorporated in Pakistan on February 28, 2006. The company completed construction and testing of its 217.2 MW(net) combined cycle power plant and commenced commercial operations on March 27, 2010.
Plant details
The company has set up a 217.2 MW (net) gas based thermal power project near Qadirpur, District Gothki, Sindh.
Company is using permeate gas as its primary fuel source and HSD as the startup and backup fuel. Permeate gas is a by-product of gas purification process earlier this gas was flared but EPQL makes it worthy and that allow EPQL to obtain an edge among other thermal based power plants.
The plant is a combine cycle plant with one gas turbine, one heat recovery steam generator and one steam turbine.