Slide 1: Pakgen Power Limited Corporate Briefing Session
PAKGEN POWER LIMITED Corporate Briefing Session on Annual Audited Accounts for the Financial Year ended December 2020
Slide 2: Company Brief
Company Brief Located at Mehmood Kot, Muzaffargarh Punjab Gross capacity: 365 MW Net/ Dependable Capacity: 350 MW Technology: Oil-Fired Steam Turbine Established under the “Power Policy 1994” Incorporated in year 1995 Commissioning Date: February 1, 1998 Shares listed in year 2011
Slide 3: Operational Highlights
Operational Highlights Capacity Utilization (%age) 2020 vs 2019 60% 50% 40% 30% 20% 10% 0% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2020 2019
Slide 4: Financial Highlights
Financial Highlights Rs in million 2020 2019 6,000 5,567 5,000 4,567 4,417 4,000 2,918 3,000 2,000 1,000 - Gross Profit Net Profit 60.0 2020 52.3 2019 50.0 41.5 40.0 37.5 30.0 23.9 20.0 11.86 10.0 7.82 - Gross Profit %age Net Profit %age Earning per Share
Slide 5: Strategic/Operational Developments
Strategic/Operational Developments In response to load demanded by CPPA-G, the Pakgen plant operated at capacity factor of 6.2% with load factor of 54.5% and availability of 99.7% and dispatched 190.4 GWh of electricity. The Company continues to allocate funds on various improvement projects towar
Slide 6: Challenges
Challenges 25,000 20,000 20,586 18,913 15,000 RS IN MILLION 11,536 10,000 5,000 5,871 - 2019 2020 Short term borrowings Receivable from NTDCL
Slide 7: Challenges: Arbitration Disputes
Challenges Arbitration Disputes During 2018, the Company filed case for arbitration in the International Chamber of Commerce (ICC) to resolve the following matters, as per the mechanism allowed by PPA for resolutions of disputes: The Power Purchaser unlawfully set off amounts from payments due to
Slide 8: PPA Amendment
PPA Amendment Our sole customer CPPA-G remains unable to meet its obligations in accordance with the Power Purchase Agreement (PPA) which are secured under a sovereign guarantee of Government of Pakistan. As on 31 December 2020 an amount of Rupees 18.913 billion was outstanding against CPPA-G. Subse
Slide 9: The Terms of the PPA Amendment Agreement
The Terms of the PPA Amendment Agreement II A. Minimum load of the Complex has been increased from 20% to 50% in line with OEM recommendations of the total capacity of the complex. [This will reduce machinery breakdown, increases plant life and reduce delta losses ]. B. Different disputes (arbitrati
Slide 10: Business Outlook
Business Outlook • Due to induction of new power generation plants based on hydel energy, coal, renewable and RLNG at a lower price, it is expected that Pakgen will be dispatched in peak demand seasons, in case of interruption in supply of RLNG or in low water months only. This will help Company min
Slide 11: Questions and Answers
Questions and Answers
Slide 12: Thank You
Thank You