Lalpir Power
| Lalpir Power | |
|---|---|
 | |
| Country | Pakistan |
| Location | Mehmood Kot, Muzaffargarh District |
| Coordinates | 30°10′22″N 70°59′37″E / 30.1727°N 70.9935°E |
| Status | Operational |
| Construction began | 1994 |
| Commission date | 1997 |
| Owner(s) | Nishat Group |
| Thermal power station | |
| Primary fuel | Furnace oil |
| Power generation | |
| Nameplate capacity | 727 MW |
| External links | |
| Website | www |
The Lalpir Power Company Limited, (لال پیر پاور کمپنی لمیٹڈ) is power plant located in Mehmood Kot, District Muzaffargarh, Punjab, Pakistan.
It was incorporated in 1994.[1] Lal Pir Power Plant produces 362 MW of electricity whereas PakGen produces 365MW of electricity.[2][3] It is owned by Nishat Group.[4][5]
It is listed on the Pakistan Stock Exchange.[6]
History[edit]
The plant started its operation in 1997 and was operated by an American company AES Corporation.[6] Nichimen Japan was hired as an EPC contractor.[6]
In 2010, Nishat Group and a consortium acquired the two plants, AES Lalpir and PakGen from AES Corporation.[7] Nishat Group became the controlling sharesholder of the company with a 50 percent shareholding, whereas Abu Dhabi Investment Council (ADIC), which is owned by the Government of Abu Dhabi, acquired 30 percent of the shares, and The City School received 20 percent of the shares.[7]
In 2013, Lapir Power was listed on the Karachi Stock Exchange following an initial public offering at a strike price of PKR 22.[8][9]
[edit]
| Shareholders | % of Shareholding |
|---|---|
| Nishat Mills Limited | 28.93 |
| Jahangir Firoz (The City School) | 18.17 |
| Adamjee Insurance | 7.20 |
| Mian Hassan Mansha | 6.84 |
| Security General Insurance | 3.11 |
| Others via Pakistan Stock Exchange | 35.75 |
| As of December 2023[10] | |
References[edit]
- ^ Correspondent, Our Equities (21 March 2017). "Lalpir Power profit up 17pc".
- ^ Hussain, Dilawar (December 15, 2009). "Nishat Mills to acquire two thermal plants". DAWN.COM.
- ^ "Lalpir, Pakistan". www.lalpir.com.
- ^ "Who owns Pakistan? 11 business groups that own 35pc of KSE's market cap". Profit by Pakistan Today. 2018-05-13. Retrieved 2022-02-28.
- ^ "GE signs Digital Power Plant agreements with Lalpir Power in Pakistan". thepeninsulaqatar.com. 2016-10-10. Retrieved 2022-02-28.
- ^ a b c "Lalpir Power Limited". August 7, 2018.
- ^ a b "Nishat Group, consortium acquire AES units". DAWN.COM. June 18, 2010.
- ^ "Lalpir Power's IPO already a roaring success". The Express Tribune. June 20, 2013.
- ^ Correspondent, Our Equities (January 12, 2013). "NML to sell stake in Lalpir Power". DAWN.COM.
- ^ "Shareholding pattern".
External links[edit]
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