FOUNDATION POWER COMPANY DAHARKI LIMITED
The Fauji Foundation had registered with PPIB, for setting up a 180MW Gas Based Power Plant in Daharki (Sindh) in April 2004. Foundation Power Company Daharki Limited (FPCDL) was thus incorporated in November 2005. The Foundation Stone laying ceremony was presided over by the then President of the Islamic Republic of Pakistan, General Pervez Musharraf, NI(M), TBt, on 24 May 2007 at Daharki. Construction work started in October 2007 under M/s Doosan Heavy Industries and Construction Company of South Korea. The project was financed by a consortium of 14 local banks, led by Askari Commercial Bank Limited. The project cost was approximately US$ 217 million.
The installed Combined Cycle Power Plant (Gas Turbine of GE, USA & Steam Turbine of Fuji, Japan) has a gross output of 202 MW. It employs modern technology under strict international and environment friendly standards. The fuel source, from Mari Deep Well No. 6, has low BTU gas, which is otherwise unsuitable for domestic and industrial use. By the Grace of Almighty Allah, the plant is fully operational since May 2011 and contributing 178MW electricity to the National Grid at comparatively lower cost than other IPPs. This output is sufficient to illuminate 250,000 urban homes, or meet the needs of 70 medium sized industrial units, or 1,500 small sized villages.
FPCDL entered into an agreement with KEPCO KPS Plant Services and Engineering Company Limited of South Korea for Operation and Maintenance.
The registered office of the Company is located at Fauji Towers, 68-Tipu Road, Chaklala, Rawalpindi.
Company Registration Number : 00000004945/20051101
National Tax Number : 2803618-2