LUCK has started supplying 20MW power to Hyderabad – Alfalah Securities Limited

Karachi, July 03, 2012 (PPI-OT): As per the KSE Notice, Lucky Cement (LUCK) has started supplying 20MW per hour electricity to Hyderabad Electric Supply Company (HESCO) as per the terms of the agreement.

According to Alfalah Securities Limited, LUCK has installed a grid station and an interconnection with the distribution network of HESCO. LUCK operates 175MW power generation facility and sells electricity to local electric supply companies. LUCK has also installed a Waste Head Recovery (WHR) at Pezu which operates on wasted heat from the system as its fuel to generate electricity. Consequently, LUCK qualified for Carbon Credit allowances under the Kyoto Protocol. The measures taken by the company’s management would enable it to improve profitability by efficiently utilizing the available resources.