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.
