About Company Saif Power Limited (“the Company”) was incorporated in Pakistan on 11 November 2004 as a public limited Company under the Companies Ordinance 1984. The shares of the Company were listed on Pakistan Stock Exchange Limited effective 14 December 2014. SPL is a project of Saif Group, which is a diversified industrial and services conglomerate with different portfolios in textiles, power generation, oil & gas exploration, information technology & software development, real estate, fiber optic network, environmental management and healthcare services. SPL, an independent Power Producer (IPP), was developed under Government of Pakistan Power Policy 2002 on a Build, Own and Operate basis in Sahiwal District of Punjab, Pakistan. The principal activities of the Company are to own, operate and maintain a combined cycle power plant having nameplate capacity of 225 MW (ISO) in district Sahiwal, Punjab, Pakistan and sell the electricity to National Transmission and Despatch Company (NTDC). The Company has commenced operations from 30 April 2010. The Company is a subsidiary of Saif Holdings Limited (“the Holding Company”) with shareholding of 51.04% shares. Plant Technology & Configuration Saif Power limited has a Combined Cycle Thermal Power Plant with a gross capacity of 225 MWs. Complex consists of 2 Gas Turbines from GE Franc and a Steam Turbine from Siemens Sweden. The 6 FA 03 Gas Turbines are perhaps the most fuel efficient in the world in their rated capacity and Company’s combined cycle efficiency is almost the highest in Pakistan within such capacity.
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