LAKHRA POWER

GENERATION COMPANY
LIMITED
BUSINESS PLAN
FY2010-11

LAKHRAPOWERGENERATIONCOMPANYLIMIT
KeyStatsasofJune30,2010
InstalledCapacity
Dependable Capacity
DependableCapacity
MaximumDemand
UnitsGenerated
UnitsSentOut
Auxiliaries
LoanFactor
PlanFactor

[MW]
150
[MW]
120
[MW]
35
[Gwh]
116.379
[Gwh]
85.737
%
26
%
34.96
%
31.67
Coalsupply
FSA Quantity & Period
FSA,Quantity&Period
Agreement
Agreement
withLCDC
Exec.(Sanctioned/Actual),no.
3/2
N
Non.Exec.(San./Actual),no.
E
(S
/A t l)
723/574

LAKHRAPOWERGENERATIONCOMPANYLIMITED
Profile of BOD and Sr, Management
ProfileofBODandSr,Management
JobTitle/Name
SeniorManagement
1 CEO
2 TD/CE:
3 FD:
4 HRD;
5 Legal:
BoardofDirectors
Board
of Directors
1 RanaMuhammadAjmalKhan
2 Mr.SabirAliKhan
3 Mr.AuarangzebAkbar
Mr Auarangzeb Akbar
4 Mr.RashidHamid
5 Mr.MuhammadPervezAfzal
6 Mr.AbdulRehmanKiyani
Mr Abdul Rehman Kiyani
7 Mr.MuhammadAnwarBrohi

Qualification

T.Exp.,Yrs

YearswithCo.

BB.E.
E

ACMA

Morethan30years
More
than 30 years

RecentyJoined
Recenty
Joined

RecentyJoined

B.E.
ACMA
BE
B.E.
B.E.
B.E.
BE
B.E.
B.E.

Morethan30years
Morethan30years
More than 30 years
Morethan30years
Morethan30years
Morethan30years
More than 30 years
Morethan30years
Morethan30years

2years
2years
2 years
2years
2years
2years
2 years
2years
RecentyJoined

LAKHRAPOWERGENERATIONCOMPANYLIMITED
UnitWiseDetail
COD/Age
g

Installed
Capacity

Dependable
Capcity

ST1

06.06.1995

50MW

40MW

ST2

FluidizedBed
Combustion 14.10.1995

50MW

40MW

Unit
Name

ST3

Type
yp

03.01.1996

50MW

40MW

Fuel

FSA

LigniteCoal
Coalsupplied
C
l
li d
LigniteCoal Agreement
withLCDC
LigniteCoal
g

LAKHRAPOWERGENERATIONCOMPANYLIMITED
PlantwiseGenerationData
Dep:Cap. Generation UnitsSold Auxiliary% LoadFactor PlantFactor
FYFY2007
200708120
08120MW
MW 136 99 27 37 35
FY200809120MW 113 85 25 35 31
FY200910120MW 116 86 26 35 32
FYFY2010
201011120
11120MW
MW 147 109 26 35 32
Total
513 378

LAKHRAPOWERGENERATIONCOMPANYLIMITED
PlantwiseFuelConsumption
Fuel
Thermal
Generation FuelMix,
Consumed,
Gwh
% Coal
%Coal
Efficincy %
Efficincy,%
Kg/Kwh
FY200708 136
100
1.19
21
FY200809 113
100
1.07
24
FY200910 116
100
1.08
23
FY201011 147
100
1.11
23

LAKHRA POWER GENERATION COMPANY LIMITED

Cost oof Ge
Generation
e at o
Generation Tariff as
Fuel Cost,
Variance, Rev. Lost
Cost per PPA
Rs/Kwh
Rs/Kwh Rs MM
Rs/Kwh Rs/Kwh
FY 2007-08
1 90
1.90
6 71
6.71
3 17
3.17
(3 53) (465.85)
(3.53)
(465 85)
FY 2008-09
3.25
7.41
3.93
(3.48) (387.33)
FY 2009
2009-10
10
2 49
2.49
8 45
8.45
4 11
4.11
(4 34) (499.27)
(4.34)
(499 27)
FY 2010-11
2.93
9.81
3.95
(5.86) (854.50)

LAKHRAPOWERGENERATIONCOMPANYLIMITED
Major Achievements & Corporate Goals
MajorAchievements&CorporateGoals
Activity
PastAchievements FutureGoals/Objectives
TheCaseforleasingoutLPGCLPlantisunderlitigationinthe
Th
C f l i t LPGCL Pl t i d liti ti i th
p
,
j
y
HonourableSupremeCourtofPakistan,hencenomajoractivity
hasbeencarriedout.

LAKHRAPOWERGENERATIONCOMPANYLIMITED
LAKHRA
POWER GENERATION COMPANY LIMITED
Weaknesses/RisksandRemedialMeasures
Degreeof
PossibleReasons Remedy
Attribute
Mgmt
I fl
Influence
Forced
Outages

Med

AgeofPowerPlant Rehabilitation
throughOEM
Spares

Overdueof
FuelCreditors

Low

Nonreleaseof Timelypayment
fundsaccordingto ofInvoicesby
SalesInvoices
CPPA

Implementation/
Support
pp
MWPPolicy
Guidance

MWP

LAKHRAPOWERGENERATIONCOMPANYLIMITED
ForecatingAssumptions
FY 08*
FY08
FY 09*
FY09
GenerationTariff
EPPSale(Rs/Kwh)
2.0448
2.6975
EPPSale(VO&M)Rs./Kwh
0.1954
0.1954
CPPSaleFixed
659 3134
659.3134
659 3134
659.3134
O&M(Rs./KW/Month)
GenerationGwh

136

Losses(Auxiliary
Consumption)
AccountPayableTurnOver

113

27%

FY 10*
FY10
2.6975
0.1954

2.8677
0.1954

659 3134
659.3134

659 3134
659.3134

116

25%

105Days

103Days

FY 11
FY11

147

26%

26%

110days

90Days

Expense
F lR t
FuelRates
CoalRs./M.Ton
VO&MRs.(M)
FixedO&MRs.(M)
Dep.& Financial Charges
Dep.&FinancialCharges
Rs.(M)

2,300
6.71
629.94

2,300
17.98
638.47

2,300
10.99
667.21

2,636
20.48
987.55

4.29

4.22

3.83

3.55

OtherIncomeRs.(M)

18.01

6.54

5.95

6.00

Interest Rate/Borrowing
InterestRate/Borrowing
IncomeTax

Budgeted

Nil
2.17

Nil

Nil

Nil

LAKHRAPOWERGENERATIONCOMPANYLIMITED
Financial summary (1/3)
Financialsummary(1/3)
FY08*
UnitSummary
CPP Rs Kw/m
CPP,Rs.Kw/m
EPP,Rs.Kwh
AverageTariff,Rs/Khw(cost)
ActualRev,Rs/Kwh(sale)
Variance,Rs.Kwh
LossduetoVar,RsMM
IncomeStatementSummary,RsMillion
S l
Sales
CostofElectricity
OperatingExpenses
+ Other Income
+OtherIncome
Fin,&OtherExp.
=EBT
Taxes
=NetIncome/(loss)

FY09*

FY10*

FY11

1,694
1 694
2.85
9.24
4.36
(4.88)
(466)

1,717
1 717
3.04
10.62
5.25
(5.37)
(448)

1,792
1 792
3.49
11.32
5.58
(5.74)
(487)

2,647
2 647
4.13
13.25
5.33
(7.92)
(855)

433
277
633
18
4
(464)
2
(466)

445
240
656
7
4
(448)

(448)

478
289
678
6
4
(487)

(487)

580
430
1,007
6
4
(855)

(855)

LAKHRAPOWERGENERATIONCOMPANYLIMITED
Financialsummary(2/3)
FY08*
BalanceSheetSummary
Balance
Sheet Summary
NetFixedAssets
WorkinProgress
Oth LT A t
OtherLTAssets
TradeReceivables
OtherCurrentAseets
TotalAssets
Longtermdebt
Otherlongtermliab.
PayabletoFuelSuppliers
OtherCurrentLiab.
TotalLiabilites
Equity

2,893.83

0.76
0 76
94.07
324.89
3,313.55
22.91
286.20
14.40
512.67
836.18
2,477.37

FY09*
2,631.95

5,721.04
5 721 04
29.14
1,074.64
9,456.76
5,673.77
333.15
23.64
1,534.16
7,564.73
1,892.04

FY10*

FY11

2,371.46

2,109.58

66,496.23
496 23

376.61
9,244.30
5,139.34
401.31
40.47
3,196.58
8,777.71
466.59

55,900.06
900 06

376.61
8,386.25
5,135.79
401.31
40.47
3,196.58
8,774.16
(387.91)

LAKHRAPOWERGENERATIONCOMPANYLIMITED
Financial summary (3/3)
Financialsummary(3/3)
FY08*

FY09*

FY10*

FY11

CashflowsSummary
CFOperatingActivities
CF
O
ti A ti iti
CapitalExpenditure
CFinvestingActivities
Debt Repayment
DebtRepayment
NewLongtermLoans
CFFinancingActities

17.49
17 49

0.03
(1.91)

0.03

(6 395 25) (26.44)

(6,395.25)
(26 44)
1.66
0.18 0.20
(2.17) (2.47)
6,400.00

(515.76)
(515 76)
40.75
(4.80)
(3.55)

(1.10)
146%
(107.14)
0.01
4.39
0.26
1%
25%

(1.01)
147%
(105.14)
0.01
15.28
0.28
300%
80%

(1.48)
174%
(239.70)
0.07

0.63
1324%
1324%
105%

KeyRatios
y
Oper.ProfitMargin
Opexas%ofSales
Int.CoverageRatio
R&MExpenseas%GFA
TradeDebtTurnover(Times)
FissedAssetsTurnover
LTD to Equity
LTDtoEquity
T.LiablitytoT.Assets

(1.02)
142%
(126.01)
0.02
4.40
0.36
1101%
95%

FY12

FY13

ACGR