Genco 3

PRESENTATION

BYBY

CHIEF EXECUTIVE OFFICER

NORTHERN POWER GENERATION COMPANY

(GENCO-III)(GENCO III)

NORTHERN POWER GENERATION COMPANY LTD. (GENCO-III)INTRODUCTION

NPGCL ESTABLISHED AS PUBLIC LTD. COMPANY IN 1998 AND ITS HEADOFFICE AT TPS MUZAFFARGARH MEHMOOD KOT ROAD INTHE PROVINCE OF PUNJABTHE PROVINCE OF PUNJAB.

NPGCL COMPRISES OF EIGHT GENERATING BLOCKS, SITUATEDAT MUZAFFARGARH, FAISALABAD, MULTAN & LAHORE., ,

THE INSTALLED CAPACITY OF THE COMPANY IS 1980MW

STARTED COMMERCIAL OPERATION FROM MARCH 1 1999STARTED COMMERCIAL OPERATION FROM MARCH 1, 1999.

LICENCE GRANTED BY NEPRA FROM JULY 1, 2002.

LICENSED POWER PLANTSTHERMAL POWER STATION MUZAFFARGARH.

• NATURAL GAS POWER STATION MULTAN.• GAS TURBINE POWER STATION FAISALABAD• GAS TURBINE POWER STATION FAISALABAD.• STEAM POWER STATION FAISALABAD.• 59 MW GTPS SHAHDARA LAHORE (NON LICENSED) STANDBY POSITION

DUE TO NON AVAILABILITY OF GAS.01

Key Stats as of June 30, 2010Key Stats as of June 30, 2010

Installed Capacity, MW 1921Dependable Capacity, MW 1400Maximum Power Despatch MW 1169Maximum Power Despatch, MW 1169Units Generated, MkWh 564.705Units Sent Out, MkWh 507.048

lAuxiliaries, % 10.21Load Factor, % 56.60Plant Factor, % 50.57FSA, quantity & period 180,000/month for 15 yearsGSA, quantity & period Under negotiation

03

Profile of BOD and Sr. ManagementProfile of BOD and Sr. Management

Job Title/Name Qualification T. Exp., Yrs Years with Co.

Senior Management NPGCL(GENCO‐III)

1. CEO: Ghulam Mustafa Tunio B.E (Electrical) 32 Years 02 Years

2. TD/CE: Shah Nawaz B.Sc(Engineering)

30 Years 03 Years

3. CE FSD Tariq Nazir B.Sc (Engineering)

32 Years 02 Months

4. CE Nandippur: Sultan Muhammad Zafar

B.E (Electrical) 32 Years 04 Years

5. CE Chichokimalian: Muhammad B.Sc 33 Years 02 YearsYasin Mir (Engineering)

6. FD: Masood Ahmad MBA (Finance) 10 Years 02 Years

7 HRD: Zafar Iqbal Awan MA LLB 34 Years 01 Years7. HRD: Zafar Iqbal Awan MA LLB 34 Years 01 Years

5. Legal:

Profile of BOD and Sr. ManagementProfile of BOD and Sr. ManagementBoard of Directors Qualificatio

nT. Exp., Yrs Years with

NPGCLn NPGCL

1. Prof. Abdul Hameed M.Sc. Elect. Dean, Faculty of Electrical Engg. 08 YearsEngg.

F.I.E.E(UK)F.INST.

E.E.E.(Pak)

University of Engineering and Technology Lahore, Director,

BOD, TEVTA (2002‐04) Chairman, Bismillah Education ,

Trust Regional Director, National Institute of Power

(1992‐98)Council Member IEE (UK)Council Member, IEE (UK)Council Member, IEEE (Pak)

2 M Abd l R h d Mi FCA 14 CEO/Di t G ’ 08 Y2. Mr. Abdul Rasheed Mir F.CA 14 years as CEO/Director Gray’s Leasing Ltd. 13‐years as

Chairman/Director Friendswear(Pvt) Ltd.

08 Years

04

Profile of BOD and Sr. ManagementProfile of BOD and Sr. ManagementBoard of Directors Qualificatio

nT. Exp., Yrs Years with

NPGCLn NPGCL

3. Khawaja Muhammad Younis B.Sc. (Honrs) 30 Years as Director, Mahmood Group of Industries, Member

04 Years

Executive Committee (FPCCI), Member Cetral Executive Committee (APTMA), Director Punjab Social Security Health Management

Company President D G Khan &Company, President, D.G.Khan & Bahawalpur Chamber of Commerce

& Industry

4. Mr. Hammad Ahmad ACMA 20 years in Power Sector 1½ Years

5. Mr. Muhammad Rafiq Butt B.Sc(Electrical)

35 Years as power plant engineer, Presently working as

GM (D&D)

1½ Years

6 Mr Muhammad Naeem B Sc(Mechan 33½ Years as power plant 2 Months6. Mr. Muhammad Naeem Akhtar

B.Sc(Mechanical)

33½ Years as power plant engineer, Presently working as

CE(MMS)

2 Months

7. Mr. Ghulam Mustafa Tunio B.E(Electrical 34 years as power plant 1½ Years) engineer, Presently working as

CEO (GENCO‐III)05

TPS MuzaffargarhTPS MuzaffargarhUnitUnit‐‐wise Detailwise Detail

Unit Name Type COD/Age Installed Capacity

Dependable Capacity

Fuel FSA

Unit No.1 Steam Turbine

09.09.1993 210 185 RFO/Gas

F.O.

U i 2 St 23 03 1994 210 200 RFO/G FOUnit No.2 Steam Turbine

23.03.1994 210 200 RFO/Gas

F.O.


20.02.1995 210 160 RFO/Gas

F.O.Turbine as


23.12.1997 320 245 RFO/Gas

F.O.


14.02.1995 200 110 RFO/Gas

F.O.

Unit No.6 Steam bi

14.08.1995 200 100 RFO/G F.O.Turbine as

06

NGPS MultanNGPS MultanUnitUnit‐‐wise Detailwise Detail


Dependable Capacity

Fuel FSA


13.05.1960 65 30 RFO/Gas

F.O.


11.07.1963 65 30 RFO/Gas

F.O.


01.11.1963 65 30 RFO/Gas

F.O.Turbine as

SPS FaisalabadSPS Faisalabad

Unit Name Type COD/Age Installed Dependable Fuel FSA

SPS FaisalabadSPS FaisalabadUnitUnit‐‐wise Detailwise Detail

yp / gCapacity

pCapacity


11.06.1967 66 50 RFO/Gas

F.O.

U i N 2 St 15 11 1967 66 50 RFO/G FOUnit No.2 Steam Turbine

15.11.1967 66 50 RFO/Gas

F.O.

07

GTPS FaisalabadGTPS FaisalabadUnitUnit‐‐wise Detailwise Detail


Dependable Capacity

Fuel FSA

GT‐1 Gas Turbine 09.03.1975 25 19 GAS/HSD

Under negotiationSD negotiation


Under negotiation


Under ti tiSD negotiation


Under negotiation

GT‐5 Gas Turbine 31.07.1975 25 23 GAS/H Under SD negotiation


Under negotiation

GT‐7 Gas Turbine 10.07.1975 25 23 GAS/H Under GT 7 /SD negotiation


Under negotiation

CCP 9 Combine 28 12 1994 44 42 GAS/H UnderCCP‐9 Combine cycle

28.12.1994 44 42 GAS/HSD

Under negotiation

08

Dep. Cap. (MW)

Generation (MkWh)

Units Sold (MkWh)

Auxiliary (%)

Load Factor (%)

Plant Factor (%)

Plant-Wise Generation Data

(MW)FY 2007-08 1000 5917.876 5390.289 8.92 63.87 51.83

FY 2008-09 1000 6162.969 5600.236 9.13 62.82 62.26

FY 2009-10 1000 6055.578 5465.050 9.75 75.13 53.17

FY 2010-11 1000 6045.474 5485.192 9.27 67.27 55.75TPS

Muz

affarg

arh

FY 2010 11 1000 6045.474 5485.192 9.27 67.27 55.75

FY 2007-08 210 534.041 504.623 5.51 27.39 31.83

FY 2008-09 210 465.791 445.178 4.43 24.06 28.02

FY 2009-10 210 478.349 459.682 4.53 27.58 27.26

FY 2010-11 210 492 727 469 828 4 82 26 34 29 04

TGTP

S Fa

isalab

ad

FY 2010 11 210 492.727 469.828 4.82 26.34 29.04

FY 2007-08 90 360.732 320.713 11.09 51.33 21.06

FY 2008-09 90 304.998 262.926 13.79 49.74 17.86

FY 2009-10 90 193.902 161.557 16.68 34.05 11.35

FY 2010 11 90 286 544 248 398 13 85 45 04 16 76

GNG

PS M

ultan

FY 2010-11 90 286.544 248.398 13.85 45.04 16.76

FY 2007-08 100 625.250 565.628 9.54 71.11 71.18

FY 2008-09 100 489.840 444.107 9.34 60.78 55.92

FY 2009-10 100 453.558 407.098 10.24 69.03 53.93

FY 2010 11 100 522 883 472 278 9 71 66 97 60 34SPS

Faisalab

ad

FY 2010-11 100 522.883 472.278 9.71 66.97 60.34

FY 2007-08 1400 7437.899 6781.252 8.77 53.43 43.98

FY 2008-09 1400 7423.597 6752.447 9.17 49.35 41.02

FY 2009-10 1400 7181.386 6493.387 10.30 51.45 36.43

FY 2010 11 1400 7347 628 6675 695 9 41 51 41 40 47

Total

S

FY 2010-11 1400 7347.628 6675.695 9.41 51.41 40.47

Note: For the year 2010-11, Estimate were based on average.09

GenerationFuel

Consumption btu/Kwh

Thermal Efficiency

Plant-Wise Fuel Consumption

Fuel Mix,btu/Kwh

(MkWh) GAS (MMCFT)

HSFO (M.Ton) HSD (ltrs) Btu/Kwh (%)

FY 2007-08 5917.876 6121.639 1418848.810 0 11797.82 28.92

FY 2008-09 6162.969 2459.426 1539816.750 0 11325.27 30.13

uzaf

farg

arh

FY 2009-10 6055.578 187.684 577841.220 0 10844.46 31.47

FY 2010-11 6045.474 2922.916 1178835.593 0 11322.52 30.17

FY 2007-08 534.041 6104941.000 0.000 9870 10555.78 32.43

FY 2008-09 465.791 4943823.000 0.000 13148609 10760.97 31.72

TPS

Muz

aisa

laba

d

FY 2009-10 478.349 3668277.000 0.000 49493306 10855.11 31.44

FY 2010-11 492.727 4905680.333 0.000 20883928 10723.95 31.86

FY 2007-08 360.732 982.873 108388.000 0 14790.25 23.07

FY 2008-09 304.998 938.192 99122.000 0 16092.75 21.21

GTP

S Fa

Mul

tan

FY 2009-10 193.902 17.650 78410.000 0 16498.73 20.68

FY 2010-11 286.544 646.238 95306.667 0 15793.91 21.65

FY 2007-08 625.250 1257.315 172399.213 1200 14482.33 26.05

FY 2008-09 489.840 313.024 145356.010 1360 13999.2 26.89

NGPS

Msa

laba

d

FY 2009-10 453.558 28.263 143495.580 420 14444.84 26.32

FY 2010-11 522.883 532.867 153750.268 993.3333333 14308.79 26.42

FY 2007-08 7437.899 6113302.827 1699636.023 11070.000 12906.54 27.62

FY 2008-09 7423.597 4947533.642 1784294.760 13149969.000 13044.55 27.49alSP

S Fa

is

FY 2009-10 7181.386 3668510.597 799746.800 49493726.000 13160.79 27.48

FY 2010-11 7347.628 4909782.355 1427892.528 20884921.67 13037.29 27.53

Note: For the year 2010-11, Estimate were based on average.

Tota

10

Fuel Cost Rs/kWh

Generation Cost Rs/kWh Energy Charge Unit Sold

Tariff as per PPA, Rs/kWh

Variance, Rs/kWh

Rev.Lost, Rs. Mln

FY 2007-08 7.749 8.296 27,343,977,596 3,295,919,496 8.2963 0.0004 1,359,049

Cost of Generation

FY 2008-09 9.170 9.742 29,196,367,635 3,140,772,895 9.2959 (0.4465) (1,402,298,217)

FY 2009-10 11.120 11.198 2,981,976,153 11.1875 (0.0105) (31,225,399)

FY 2010-11 9.346 10.852 36,783,510,000 3,401,610,000 10.8136 (0.0383) (130,421,559)

FY 2007-08 7.164 6.225 6,149,080,253 987,552,070 6.2266 0.0012 1,173,596

FY 2008-09 8.639 8.986 13,507,777,855 1,484,748,103 9.0977 0.1121 166,425,301

FY 2009-10 9.568 11.103 1,684,730,497 11.1999 0.0972 163,782,760

Bloc

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FY 2009 10 9.568 11.103 1,684,730,497 11.1999 0.0972 163,782,760

FY 2010-11 8.457 12.160 24,130,280,000 1,983,360,000 12.1664 0.0061 12,113,073

FY 2007-08 8.081 8.522 9,434,167,676 1,106,817,112 8.5237 0.0012 1,322,491

FY 2008-09 8.128 8.996 8,741,688,260 974,715,475 8.9685 (0.0271) (26,462,267)

FY 2009-10 11.526 13.568 798,343,078 12.5520 (1.0161) (811,180,435)

FY 2010-11 9.245 14.654 13,397,760,000 973,380,000 13.7642 (0.8893) (865,663,830)

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FY 2007-08 2.584 2.126 846,465,453 395,633,350 2.1395 0.0139 5,507,204

FY 2008-09 4.750 5.274 1,526,051,078 373,714,391 4.0835 (1.1905) (444,918,620)

FY 2009-10 8.834 9.237 434,912,288 7.8489 (1.3881) (603,688,700)

FY 2010-11 5.389 5.546 964,390,000 284,980,000 3.3841 (2.1615) (615,976,089)

FY 2007-08 2.584 3.704 391,985,259 104,242,198 3.7603 0.0561 5,851,309

FY 2008-09 4.750 9.387 649,470,820 71,472,609 9.0870 (0.3000) (21,442,561)k-6

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k-4

FY 2008 09 4.750 9.387 649,470,820 71,472,609 9.0870 (0.3000) (21,442,561)

FY 2009-10 8.834 6.235 21,756,659 5.9130 (0.3221) (7,006,732)

FY 2010-11 5.389 6.442 140,610,000 23,240,000 6.0503 (0.3917) (9,103,629)

FY 2007-08 9.058 9.609 5,569,441,323 553,742,207 10.0578 0.4483 248,256,143

FY 2008-09 10.738 11.290 5,007,191,228 444,107,000 11.2747 (0.0148) (6,554,748)

FY 2009-10 13.099 16.987 407,097,948 14.9370 (2.0496) (834,367,599)

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FY 2010-11 10.965 16.589 7,785,690,000 476,240,000 16.3482 (0.2412) (114,845,856)

FY 2007-08 9.347 9.743 3,128,241,676 320,712,514 9.7540 0.0115 3,679,803

FY 2008-09 11.731 11.257 2,918,374,296 262,925,552 11.0996 (0.1572) (41,326,058)

FY 2009-10 16.252 15.315 161,557,250 14.7231 (0.5919) (95,630,583)

FY 2010-11 12.443 16.236 3,252,550,000 203,600,000 15.9752 (0.2604) (53,018,160)

FY 2007-08 7.185 7.838 52,863,359,236 6,764,618,947 7.9671 0.1291 267,149,597

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FY 2008-09 9.097 10.419 61,546,921,172 6,752,456,025 10.1893 (0.2296) (1,776,577,171)

FY 2009-10 12.326 12.434 - 6,490,373,873 11.6901 (0.7435) (2,219,316,688)

FY 2010-11 9.536 12.530 86,454,790,000 7,346,410,000 12.2968 (0.2329) (1,776,916,051)

Note: For the year 2010-11, Estimate were based on average.

Tota

l

The company SWOT analysis is defined as under;

STRENGTHS1. The largest Generation Company in Public Sector.2 Provision of Dual Fuel Firing2. Provision of Dual Fuel Firing3. Power Plants are located in the load centres.4. Availability of land for capital expansion.4. Availability of land for capital expansion.5. Road and Rail facilities for furnace oil supply.6. Highly qualified skilled labour available.7. Established infrastructure.8. Experienced & dedicated engineers available.

12

WEAKNESS

1. Heat rate is high as compared with the design value due to deterioration of the plant.

2 Lack of capital investment2. Lack of capital investment.3. Drain out of skilled manpower to IPPs/abroad and Rental

Power Plants due to low salaries as compared to private sectors.

4. Ineffective preventive maintenance due to non availability of spare parts and delay approvals of shutdown of the unitsspare parts and delay approvals of shutdown of the units.

5. Ineffective performance appraisal system.6. Delayed decision making.y g7. Ineffective material management system.9. Non availability of GAS.

13

OPPORTUNITIES

1. Use of land for expansion. 2. Vicinity of Furnace Oil Refinery.3 Modification / Rehabilitation of Plant in process3. Modification / Rehabilitation of Plant in process.4. Expansion in installed capacity.

14

THREATS

1. Influence of Oil Mafia.

2. Lack of Fuel/Gas Supply.

3. Security lapses.

15

Major Achievements & Corporate GoalsMajor Achievements & Corporate GoalsActivity Past Achievements Future Goals/ObjectivesActivity Past Achievements Future Goals/Objectives

1. The Rehabilitation of power plants under FARA agreement is in progress.

The major overhauling and ABI of the units carried out.

1. The following power projects are in pipeline and will be included in GENCO‐g p g

Procurement of essential spare parts in order to restore the dependant capacity of the plant is in

III after their commissioning.

1. 425MW combine cycle power plant dual fuelcapacity of the plant is in

process.power plant dual fuel (furnace + HSD) at Nandipur. (3x 95MW gas turbine + 138MW steam unit)

2. 320MW UAE gifted power plant at GTPS Faisalabad. (5x16MW Fr5 gas turbines(5x16MW Fr5 gas turbines + 8x30MW Fr‐6 gas turbines)

3. 525MW CCPP at Chichokimalian. (3x117MW gas turbines + 175MW steam turbine)

16

Weaknesses/Risks and Remedial MeasuresWeaknesses/Risks and Remedial MeasuresAttribute Degree of

Mgmt Influence

Possible Reasons Remedy Implementation/Support

Low Med i) Low salary i) Enhanced in the existing By GOPLow employee morale

Med i) Low salaryii) Over‐burdened

i) Enhanced in the existing salary as compared with IPPs.ii) Performance Based Incentives

By GOP

Forced Outages

Med i) Continuous furnace oil firing

ii) Frequent leakage of economizer &

i) In time shut down of planned maintenance

ii) Rehabilitation of

By NPGCL

economizer & iii) Leakage of super heater

tubesiv) Fouling of Condenser v) Chocking/clogging of RAH

ii) Rehabilitation of NPGCL Machines

iii) Procurement of spare with in time.

iv) Replacement of vi) Erosion of ID, FD

Impellers & dampers,vii) Deterioration of cooling

towers

damage/deteriorated parts within time

...

... 17

Forecasting AssumptionsForecasting AssumptionsBlockBlock‐‐1(Unit1(Unit‐‐1,2&3) TPS Muzaffargarh1,2&3) TPS Muzaffargarh

FY 08‐09 FY 09‐10 FY 10‐11 FY 11‐12 FY 12‐13

1. Total Generation (MkWh) 3385.42 3248.495 3243.84 2988.29* 2944.32*

2 Aux: Consumption (MkWh) 246 65 259 518 259 507 239 063 235 5462. Aux: Consumption (MkWh) 246.65 259.518 259.507 239.063 235.546

3. Fule Oil Consumption .(M.T)

857526.3 863578.8 875836.8 806837.76 74966.4

4. Plant Availability Factor (%) 81.31 88.46 94.52 86.33 86.3

5. Plant Load Factor (%) 69.01 66.08 75.57 69.62 68.59

6. Procurement of spare parts (Rs Million)

88.009 56.411 534.090 78.300 132.500

*Major Overhauling/Rehabilitation of the units will be carried out

18

Forecasting AssumptionsForecasting AssumptionsBlockBlock‐‐2 (Unit2 (Unit‐‐4) TPS Muzaffargarh4) TPS Muzaffargarh

FY 08‐09 FY 09‐10 FY 10‐11 FY 11‐12 FY 12‐13

1. Total Generation (MkWh) 1666.30 1887.05 1420.42 1663.20 1663.20



387197.4 465570.9 331843 415800 415800

4. Plant Availability Factor (%) 84.31 97.28 74 86 86

5. Plant Load Factor (%) 67.94 86.16 68 79 79

6. Plant Utilization Factor (%) 77.64 87.92 66 77 77

7. Procurement of spare parts 32.24 13.98 98.04 164.69 56.588p p(Rs Million)

32.24 13.98 98.04 164.69 56.588

19

Forecasting AssumptionsForecasting AssumptionsBlockBlock‐‐3 (Unit3 (Unit‐‐5&6) TPS Muzaffargarh5&6) TPS Muzaffargarh

FY 08‐09 FY 09‐10 FY 10‐11 FY 11‐12 FY 12‐13




295093 276012 313038 514253 514253

4. Plant Availability Factor (%) 80.56% 60.50% 75% 88% 88%

5. Plant Load Factor (%) 43.74% 48.10% 62% 62% 62%

6. Plant Utilization Factor (%) 35.24% 26.45% 78% 78% 78%

7. Procurement of spare parts 169.334 36.69 40 461 50p p(Rs Million)

169.334 36.69 40 461 50

20

Forecasting AssumptionsForecasting AssumptionsNGPS MultanNGPS Multan

FY 08‐09 FY 09‐10 FY 10‐11 FY 11‐12 FY 12‐13


2 Aux: Consumption (%) 13 79% 16 68% 16 98% 17 02% 17 08%2. Aux: Consumption (%) 13.79% 16.68% 16.98% 17.02% 17.08%


99122 78410 138000 133720 127733

4. Gas Consumption (Mcf) 938192 17650 19500 20000 20000


6. Plant Utilization Factor (%) 17.86 11.35 19.47 18.63 17.80

7. Procurement of spare parts 21.60 52.50 1300* 150 200p p(Rs Million)

21.60 52.50 1300 150 200

* Purchase of air pre heater elements, Rehabilitation of all boilers, Renovation of cooling towers, Purchase of CW pump Purchase of desilting pumpC.W. pump, Purchase of desilting pump.

21

Forecasting AssumptionsForecasting AssumptionsGTPS FaisalabadGTPS Faisalabad

FY 08‐09 FY 09‐10 FY 10‐11 FY 11‐12 FY 12‐13

1. Total Generation (GWh) 342.937 478.349 617.541 643.555 635.100

2 Aux: Consumption (Gwh) 20 600 21 680 33 570 32 21 33 5702. Aux: Consumption (Gwh) 20.600 21.680 33.570 32.21 33.570

3. HSD Consumption .(Ltr) 13148609 49493306 66198849 66299850 64728243

4. Gas Consumption (MMCF)

4943.823 3668.277 4549.892 4975.000 4804.000( )


6. Plant Availability Factor (%) 94.10 95.21 96.32 94.64 95.25

7. Procurement of spare parts 93.83 22.96 118.56 595.55 490.447. Procurement of spare parts (Rs Million)

93.83 22.96 118.56 595.55 490.44

22

Forecasting AssumptionsForecasting AssumptionsSPS FaisalabadSPS Faisalabad

FY 08‐09 FY 09‐10 FY 10‐11 FY 11‐12 FY 12‐13


2. Aux: Consumption (%) 9.34% 10.24% 8.5% 9% 9.2%


145000 143495 153000 155000 160000

4 Pl t il bilit F t (%) 78 74% 80 35% 82% 83% 85%4. Plant availability Factor (%) 78.74% 80.35% 82% 83% 85%

5. Plant Utilization Factor (%) 60.78% 69.03% 71% 73% 76%

6. Procurement of spare parts (Rs Million)

11.281 35.474 82.218 90.414 99.88(Rs Million)

23

Financial Summary Financial Summary FY 08* FY 09* FY 10* FY 11 FY 12 FY13

Unit Summary

CPP, Rs/kW/m 251.800 246.120 242.350 250.580 259.410 268.920

/k h 96EPP, Rs/kWh 7.967 10.189 13.39 15.86 14.44 18.07

Loss Rs MM 267 (1,777) (2,219) (1,777) 3,339 3,791

Income Statement Summary, Rs Million

Sales 65,027.38 75,426.51 91,476.35 121,193.52 166,059 199,878

‐ Cost of Electricity 63,720.27 77,735.50 93,297.79 122,624.81 162,375 195,694

O i E 226 17 277 51 312 350 393 442‐ Operating Expenses 226.17 277.51 312 350 393 442

+ Other Income 211.12 105.85 119 199 246 264

‐ Fin. & other Exp. 107.42 164.13 172 184 198 215

= EBT 1,184.63 (2,644.77) (2,186.44) (1,766.29) 3,339 3,791

‐Taxes 917.84 870.77 26 29 1,169 1,327

N t I 266 79 (1 774) (2 212 44) (1 795 29) 2 170 2 464= Net Income 266.79 (1,774) (2,212.44) (1,795.29) 2,170 2,464

* Actuals24

Financial SummaryFinancial SummaryFY 08* FY 09* FY 10(p) FY 11 FY 12 FY13

Balance Sheet Summary

Net Fixed Assets 18,040.918 17,168.220 16,189.707 15,918.019 15,184.019 14,058.019

Work‐in‐Progress 48.582 5,799.981 5,799.981 5,799.981 5,799.981 5,799.981

Other LT Assets 618.20 934,75 14,003.03 660.00 22.00 25.00

T d R i bl 32 567 17 24 067 83 28 172 06 36 200 58 49 048 58 58 312 58Trade Receivables 32,567.17 24,067.83 28,172.06 36,200.58 49,048.58 58,312.58

Other Current Assets 11,929.725 10,284.23 1,548.28 18,517.00 28,790.00 39,369.00

Total Assets 63,204.60 58,255.01 65,713.06 77,095.58 98,844.58 117,564.58

Long‐term debt 2,801.72 2,794.87 2,759.00 2,736.00 2,723.00 2669

Other long‐term liab. 2,627.14 2,311.77 2,715.50 4,020.00 4,826.00 5306

Payable to Fuel Suppliers 16,063.83 21,403.87 42,514.00 54,407.81 72,061.81 87,694.81Payable to Fuel Suppliers , , , , , ,

Other Current Liab. 20,049.54 11,856.13 48.00 51.00 1,183.00 1380

Total Liabilities 41 542 73 38 367 14 48 037 00 61 214 81 80 793 81 97 049 81Total Liabilities 41,542.73 38,367.14 48,037.00 61,214.81 80,793.81 97,049.81

25

Thank You

lf l

Active Rental Power Plants.• 62MW Gulf Power Plant COD dated 29.04.2010.

• 150MW Techno Epower Sumandri road Faisalabad• 150MW Techno‐ Epower Sumandri road FaisalabadPartially commissioned on dated: 11.06.2010 at 60MW

• 201MW Reshma Power Plant COD yet not achieved.200MW Y P Pl t• 200MW Yougen Power Plant COD 31.12.2010

• 150 MW Sahuwal Power Plant150 MW Sahuwal Power PlantCOD yet not declared.

02

Financial Summary (3/3)Financial Summary (3/3)FY 08* FY 09* FY 10* FY 11 FY 12 FY13FY 08 FY 09 FY 10 FY 11 FY 12 FY13

Cash‐flows SummaryCF Operating Activities (2,850.763) 3,006.005 7,001.560 5,484.710 8,350.000 8,274.000

Capital Expenditure 48 582 5 799 981 ‐ (915 000) (392 000) ‐Capital Expenditure 48.582 5,799.981 (915.000) (392.000)

CF Investing Activities (384.13) (5,936.65) (625.000) (2.000) 638.000 (3.000)

Debt Repayment 23.82 17.83 (32.000) (22.000) (22.000) (14.00)

New Long term Loans 2 500 00 ‐ ‐ ‐ ‐ ‐New Long‐term Loans 2,500.00 ‐ ‐ ‐ ‐ ‐

CF Financing Activities 2,159.30 610.17 (32.00) (22.00) (22.00) (14.00)

Key RatiosO P fit M i 1 662% 3 429% 1 991% 1 181% 1 982% 1 872%Oper. Profit Margin 1.662% ‐3.429% ‐1.991% ‐1.181% 1.982% 1.872%

Opex as % of Sales 98.338% 84.780% 69.905% 52.764% 38.508% 31.993%

Int. Coverage Ratio 22.12 (50.35) (0.33) (4.97) 12.37 13.97

& % G 0 43% 0 64% 0 55% 0 47% 0 38% 0 36%R&M Expense as % GFA 0.43% 0.64% 0.55% 0.47% 0.38% 0.36%

Trade Debt Turnover 3.34 2.66 3.50 3.77 3.90 3.72

Fixed Asset Turnover 3.48 3.16 2.54 5.42 7.91 10.05

9% 9% 8% 9% 8% %LTD to Equity 9% 9% 8% 9% 8% 7%

T. Liability to T. Assets 66% 66% 73% 79% 82% 83%

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Genco 3

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