Safe, Sustainable and Economical electricity.

INTRODUCTION

Punjab Thermal Power (Private) Limited (PTPL) is a private limited company incorporated under the Companies Act, 2017. It is wholly owned by the Government of Punjab through Energy Department. The main objective of the Company is to establish and operate a 1263 MW thermal power plant based on RLNG at Haveli Bahadur Shah near Trimmu Barrage, District Jhang in Punjab.

 The Project financing structure is based on 30% equity contributed by Government of the Punjab and 70% debt arranged from local Banks. PTPL has obtained all regulatory approvals and licenses required for the project such as (i) Letter of Intent (ii) Letter of Support (iii) NEPRA Generation License (iv) Concession Agreements with Central Power Purchasing Agency (CPPA-G) and Private Power Infrastructure Board (PPIB). A Long-term Gas Supply Agreement (GSA) has also been executed with Sui Northern Gas Pipelines Limited. The plant has a 2X2X1 configuration with Siemens GT from Germany with triple pressure HRSG boiler & a gas steam turbine. All major equipment are of European origin.

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Our Vision

Our Vision

To transform PTPL into a valuable and dynamic power Generation Company for establishment of highly efficient power plants involving latest technology and skilled resources to produce safe, sustainable and economical electricity.

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Company Profile

Company Profile

PTPL is a private company limited by shares incorporated under the provisions of Companies Act, 2017. PTPL is owned by the Government of Punjab. The objectiveof the Company is to establish and maintain 1263 MW Re-Gasified Liquefied Natural Gas (RLNG) based thermal power plant at Haveli Bahadur Shah, District Jhang.

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Our Mission

Our Mission

To provide secured, cost-effective, affordable and reliable power supply to meet energy demand in the Country and counter tomorrow challenges hence energizing and revitalizing national economic growth and quality of life.

Punjab Thermal Power (PVT) Limited is a private limited company by shares incorporated under the aegis of Companies Act, 2017. The PTPL is owned by the Government of Punjab through Energy Department.

Core Values

Core Values

Innovation Integrity
Safety Team Work
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Innovation & Excellence

We strive for excellence driven by innovation and agility. Top quality and progressive mode in a limited time is our recognition.

INNOVATION

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Integrity
& Accountability

Truth, trust, sincerity and highest standards of transparency, integrity and honesty are essence of our Company. We take responsibility for our actions and behavior, recognizing that we should be held accountable for everything we say and everything we do professionally.

INTEGRITY

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Safety

PTPL is committed to a healthy and injury-free workplace and to the safety of our employees, contractors, visitors and the communities in which we operate. Safety is our most important performance metric and is fundamental to our overall operational and managerial excellence.

SAFETY

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Teamwork

PTPL is a team of talented people deriving expertise from all levels of the company; our people are united, motivated and pleased in contributing as a team.

TEAM WORK

Professional Growth Meets
Social Responsibility

CORPORATE STRATEGY

Punjab Thermal Power (Private) Limited (“PTPL”) aims to bridge the steadily rising gap between electricity demand & supply through establishing and maintaining Re-Gasified Liquefied Natural Gas (RLNG) based Thermal Power Plants possessing high efficiency. The ambition of the Company is to strengthen its position as a leading power producer and to contribute with long-term, cost effective and environment compatible electricity to enhance the national economic activities.

PTPL has a strong vision to promote capacity in the energy sector of the Country through development of highly efficient and state-of-the-art technology power plants at the most economical cost for delivering socio-economic benefits to the Country. The Company shall pursue sustainable growth with fair earnings by undertaking balanced management initiatives and leveraging its project management & engineering competences. PTPL is committed to build strong relationship with its all stakeholders and to work diligently to increase corporate value while complying with applicable laws and high ethical standards. PTPL is confident to play a critical role in eliminating the menace of power outages from the energy starved Country.

Corporate Information

History

The Country was gripped by severe energy shortages for a decade and the gap between production and consumption was widening every year. The energy crisis had caused irreparable loss to the national economy and left a negative impact on the trade and economic activities.

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PTPL Has A Strong Vision To Promote Capacity In The Energy Sector Of The Country Through Development Of Highly Efficient And State-Of-The-Art Technology Power Plants At The Most Economical Cost For Delivering Socio-Economic Benefits To The Country. The Company Shall Pursue Sustainable Growth With Fair Earnings By Undertaking Balanced Management Initiatives And Leveraging Its Project Management & Engineering Competences. PTPL Is Committed To Build Strong Relationship With Its All Stakeholders And To Work Diligently To Increase Corporate Value While Complying With Applicable Laws And High Ethical Standards. PTPL Is Confident To Play A Critical Role In Eliminating The Menace Of Power Outages From The Energy Starved Country.

Overview

The Integrated Annual Report 2021 provides a comprehensive overview of financial performance and sustainability of the Company, while highlighting links between the external & internal environment, company strategy, business model, integrated risk management

Secretary Finance, GoPb