Lucky Cement’s subsidiary achieves commissioning of 660MW coal power plant at Bin Qasim

News Image

MG News | March 21, 2022 at 09:35 AM GMT+05:00

0:00

March 21, 2022 (MLN): Lucky Electric Power Company Limited (LEPCL) a wholly-owned subsidiary of Lucky Cement Limited (LUCK), has successfully completed the commissioning of its 660 MW supercritical, lignite coal-based power plant at Deh Ghangiaro, Bin Qasim, Karachi, company’s filing on bourse showed today.

The power plant was synchronized with the national grid towards the end of CY 2021 and since then has been involved in extensive testing and completing relevant inspections and commissioning, thereby achieving the Commercial Operations Date (COD) on March 21, 2022, the notice said.

The company said that the power plant has been designed to operate on Thar Lignite Coal, subject to its availability; however, during the interim period, it will mainly operate on imported Lignite Coal till the completion of Phase III of Sindh Engro Coal Mining Company (SECMC), which is expected in the second quarter of CY 2023.

The addition of 660 MW electricity to the national grid will not only play a key role in increasing the energy security and prosperity of Pakistan but will also go on to reduce the cost of electricity and reliance on imported fuel after completion of Phase III of SECMC, it added.

With the completion of this project, Lucky Cement's portfolio of businesses has further diversified and now consists of local and international cement operations, automobile, chemicals & Agri sciences, mobile phone assembling and energy (in addition to the captive power plants operated by the company).

With Entrepreneurship as its core value, Lucky Cement is committed to increasing its portfolio of products and businesses which will continuously enhance the quality of its earnings and shareholders' value, the company stated.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,379.97
273.10M
0.32%
440.10
ALLSHR 84,648.35
701.94M
0.06%
47.97
KSE30 41,546.23
70.12M
0.42%
172.55
KMI30 191,719.76
71.30M
0.34%
649.79
KMIALLSHR 55,827.74
371.98M
0.16%
89.67
BKTi 37,827.61
18.93M
-1.72%
-662.14
OGTi 27,670.67
7.41M
-0.42%
-117.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,480.00 119,660.00
117,255.00
2740.00
2.35%
BRENT CRUDE 68.58 69.09
68.30
-0.13
-0.19%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
1.80
1.90%
ROTTERDAM COAL MONTHLY 104.50 0.00
0.00
-1.05
-0.99%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.38 67.01
66.09
-0.14
-0.21%
SUGAR #11 WORLD 16.60 16.65
16.55
0.04
0.24%

Chart of the Day


Latest News
July 16, 2025 at 03:54 PM GMT+05:00

MTL expected to climb to Rs650/share by Dec 2025


July 16, 2025 at 03:52 PM GMT+05:00

PKR falls 29 paisa against USD


July 16, 2025 at 03:44 PM GMT+05:00

Govt to shut down Utility Stores by July 31


July 16, 2025 at 03:26 PM GMT+05:00

Oil prices steady amid mixed global signals


July 16, 2025 at 02:22 PM GMT+05:00

Trump declares breakthrough on crypto laws



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg