NISHAT POWER LIMITED
Corporate Briefing Session
on Annual Audited Accounts for the Financial Year ended June 2024
Contents
- Company Brief
- Operational Highlights
- Financial Highlights
- Challenges
- Business outlook
- Questions and Answers
Company Brief
- 200 MW RFO Fired - Combined Cycle Thermal Power Plant
- Term of Power Purchase Agreement - 25 years
- Located at 66KM on Multan Road, Tehsil Pattoki
- Subsidiary of Nishat Mills Limited with 51% equity ownership
- Established under the "Power Policy 2002"
- Incorporated in year 2007
- Shares listed in year 2009
- Commercial operations started in year 2010
- Master Agreement and Power Purchase Amendment Agreement in 2021
Operational Highlights
The plant operated at average capacity of 26.45% with 454GWh during the year (2023: 31.44% with 538GWh). The slowdown in overall economic activity and variations in climatic conditions has reduced electricity demand during the current year.
Operational Highlights
Overall reduction in utilization especially in summer season, as compared
to last year
Financial Highlights
Profits have increased mainly due to increase in tariff indexation and other income during the year
Financial Highlights
Avg Furnace oil prices have increased ~ 9% over the course of FY 2024
Challenges
Receivables and Circular Debt.
Challenges
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