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Saif Power Limited

Brief Facts


The Company achieved Financial Close in September 2007 and Commercial Operations Date (“COD”) was achieved on April 30, 2010.

Plant operates on dual fuel, Gas and HSD.

The plant has two gas turbines and one steam turbine.  Gas Turbines are 6 FA machines from GE which have the one of the highest fuel efficiency of all the current turbines in Pakistan’s market.  Steam Turbine is from Siemens and the Complex fuel efficiency on Gas is 51.2% and 48.5% on HSD.  Again, the Complex Efficiency is among highest in Pakistan market.  The cost of fuel is a pass through item as determined by the Regulator – National Electric Power Regulatory Authority (NEPRA). The complex has gross capacity of 225 MW (ISO) and net capacity at site of 209.786 MW.


Profile


Saif Power Limited (SPL) was incorporated in Pakistan on November 11, 2004 as a Public Limited Company under the Companies Ordinance 1984 and commenced commercial operations on April 30, 2010.

SPL is a 225 MW Combined Cycle Thermal Power Project under Government of Pakistan Power Policy 2002 on a Build, Own and Operate basis in Sahiwal District of Punjab, Pakistan. Head office of the Company is located at Kulsum Plaza 20-20 Jinnah Avenue, Blue Area Islamabad, Pakistan. 

SPL is a project of Saif Group, which is a diversified industrial and services conglomerate operating businesses in Textiles, power generation, oil & gas exploration, information technology and software development, real estate, fiber optic network, environmental management and healthcare services.
Board of directors


Title

Name of Director

Chairman

Mr. Salim Saifullah Khan

Director

Mr. Javed Saifullah Khan

Director

Mr. Anwar Saifullah Khan

CEO

Mr. Omer Saifullah Khan

Director

Mr. Osman Saifullah Khan

Director

Mr. Jehangir Saifullah Khan

Director

Mrs. Hoor Yousafzai

               

Statutory Auditors of the Company are:
KPMG Taseer Hadi & Co.,
Chartered Accounts,
6th Floor, State Life Building No. 5,
Jinnah Avenue, Blue Area,
ISLAMABAD.

Credit rating
The Company has been rated with credit rating of A+ and A1 for long term and short term respectively by Pakistan Credit Rating Agency (PACRA) one of the leading credit rating institution of Pakistan. A complete credit rating report is available on www.pacra.com.pk