Fauji owns 60+ enterprises, some very large corporations and some small unincorporated business ventures. We plan to document all these businesses. Our sources are publicly available and verifiable information. We are peace-loving, passionate Pakistanis, working for the betterment of the country.
1. Company Overview
- Description: FFBL Power Company Limited (FPCL) is an independent power producer (IPP) in Pakistan operating a coal-fired power plant. It was incorporated on June 27, 2014, as a public limited company under the umbrella of Fauji Foundation, with shareholding held by Fauji Fertilizer Bin Qasim Limited (FFBL) and Fauji Foundation.
- History: The company was set up to meet the internal steam and power needs of FFBL’s fertilizer manufacturing complex while exporting surplus power to the national/grid system (K-Electric). Construction commenced in 2014, and commercial operations officially began in May 2017.
- Head Office Location: Plot No. EZ/I/P-1, Eastern Zone, Port Qasim, Karachi, Sindh, Pakistan.
- Senior Leadership:
- Chairman of the Board: Waqar Ahmed Malik
- Chief Executive Officer: Sarfaraz Ahmed Rehman
2. Operations and Facilities
- Main Operations: Generation and supply of electric power and process steam.
- Key Facilities: Co-generation coal-fired power plant equipped with circulating fluidized bed (CFB) boilers.
- Plant Location: Plot No. EZ/I/P-1, Eastern Zone, Port Qasim, Karachi, Sindh, Pakistan.
- Operational Scale & Capacity:
- Gross Installed Capacity: 118 MW power generation.
- Steam Export Capacity: Up to 1,350 metric tons per day of process steam provided to FFBL’s fertilizer facility.
3. Products or Services
- Main Products:
- Electricity: Base-load electrical power.
- Steam: Low-pressure and high-pressure thermal process steam.
- Main Services: Grid-connected power transmission to K-Electric and internal utility support to FFBL’s fertilizer complex.
- Key Brands & Affiliations: Operated under the Fauji Foundation / FFBL umbrella.
4. Financials
The table below reflects the recent full-year financial summary for FFBL Power Company Limited:
Financial Metric | FY 2023 (PKR Million) | FY 2022 (PKR Million) | YoY Change (%) |
Gross Revenue | 33,210 | 25,480 | +30.3% |
After-Tax Earnings (Net Profit) | 3,850 | 2,710 | +42.1% |
Profit Margin (Net Profit %) | 11.59% | 10.64% | +0.95% pts |
- Year-over-Year Comparison: Revenue grew significantly by 30.3% YoY, driven primarily by fuel price indexation pass-through mechanisms in tariff structures and increased power off-take. Net profitability improved by 42.1% YoY due to effective fuel efficiency management and higher power export volumes.
5. Future Plans
- Fuel Mix Optimization & Transition: Strategic focus on blending local Thar coal to lower fuel procurement costs, reduce foreign exchange exposure, and comply with government energy diversification objectives.
- Operational Efficiency & Sustainability: De-bottlenecking operations to enhance plant heat rate efficiency, cut auxiliary power consumption, and maintain high plant availability.
- Grid Integration & Supply Reliability: Continued infrastructure upgrades to ensure uninterrupted power transmission to K-Electric and steady utility support to FFBL’s chemical and fertilizer facilities.