Company Profile
FFC Energy Limited (FFCEL) is a special purpose public limited company which has been established and set up under the laws of Pakistan and is incorporated under the Companies Act 2017. It is a 100% owned subsidiary of Fauji Fertilizer Company Ltd. which is one of the biggest names in Pakistan’s corporate sector for last 4 decades, and is the largest fertilizer producer in Pakistan with 60 % of the fertilizer market share in the country.
FFCEL has developed Pakistan’s first Wind Energy Project at Jhampir, District Thatta, Sindh. The company has played a pioneering and leading role in developing Pakistan’s nascent wind power sector. With total installed capacity of 49.5 MW and consisting of 33 number of Nordex S77 1.5 MW wind turbines, FFCEL became Pakistan’s first wind power electricity generation company to achieve Financial Close on June 28, 2011.
After successful completion of construction works, installation and commissioning of wind turbines and other equipment, FFCEL Wind Farm was inaugurated by the then President of Pakistan, Mr. Asif Ali Zardari, on December 24, 2012. This project emerged as the Pakistan’s first grid connected operating wind power project after the declaration of its Commercial Operation Date on May 16, 2013 by CPPA.
FFCEL Wind Power Project has become Pakistan’s signature project and a major step towards achievement of self-sufficiency in energy production through renewable and indigenous resources. This fast track project has provided over 1200 GWh of cleaner and sustainable energy to the national grid and helped address electricity shortage in the country. FFCEL has exported 1175 GWh to the National Grid, abating 745,000 tons of CO2.
FFCL Associated Company/Owner
Fauji Fertilizer Company Limited (FFC) is the largest urea manufacturer in Pakistan. It was incorporated in 1978 as a joint venture between Fauji Foundation (a leading charitable trust in Pakistan) and Haldor Topsoe A/S of Denmark. The Company is operating three world scale urea plants with an aggregate design capacity of over 2 million metric tonnes per annum. The initial share capital of the company was 813.9 Million Rupees. The present share capital of the company stands above Rs. 8.48 Billion. Additionally, FFC has more than Rs. 8.3 Billion as long term investments which include stakes in the subsidiaries FFBL, FFCEL and associate FCCL.
In 1993 FFC together with Fauji Foundation participated as a major shareholder in a new DAP/Urea manufacturing complex with participation of major international/national institutions. The new company Fauji Fertilizer Bin Qasim Limited (formerly FFC-Jordan Fertilizer Company Limited) commenced commercial production with effect from January 01, 2000. The facility is designed to produce 551,100 metric tonnes of granular urea and 445,500 metric tons of DAP, revamped to 670,000 metric tons of DAP.
The initial share capital of the company was 813.9 Million Rupees. The present share capital of the company stands above Rs. 8.48 Billion. Additionally, FFC has more than Rs. 8.3 Billion as long term investments which include stakes in the subsidiaries FFBL, FFCEL and associate FCCL.
Thus FFC’s Marketing Group, the largest marketing network in the country, markets nearly 3.5 million metric tonnes of fertilizer per annum for both FFC and FFBL under its brand “SONA” which means gold.
The Company holds 50.88% stake in FFBL and 6.79% stake in Fauji Cement Company Limited. Besides it holds 12.5% stake in Pakistan Maroc Phosphore SA (PMP) in Morocco which meets the entire raw material requirement of FFBL’s DAP production.
The Company is listed on all three Stock Exchanges of the Country and is amongst the Country’s largest corporate entities. The Company’s securities are one of the most actively traded scrips on the Stock Exchanges. It is amongst the top 25 Companies at the Karachi Stock Exchange (Guarantee) Limited (KSE) since 1994 and has been declared first thrice in 1997, 2010 and 2011 respectively.
Company’s financial position has consistently strengthened since its inception. Recently the world renowned UK based business analyst PLIMSOLL has declared FFC as 14th most profitable and 38th largest company in world’s top 100 fertilizer manufacturers. In 2012 FFC contributed Rs 43.19 billion to Govt exchequer by way of taxes & levies with aggregate contribution of over Rs 204 billion since inception. The Company also saved Forex of US $ 1.06 billion for the Country in 2012 and over US $ 10 billion since inception by way of import substitution.
Towards its diversification policy, FFC has pioneered in the development of renewable energy in Pakistan by setting a landmark Wind Power Plant with a view to enhance Country’s energy security through green and clean power. The 49.5 MW grid connected wind farm has been successfully operating in Jhamphir, Sindh since May 16, 2013.
The Company has recently acquired Askari Bank limited as part of the Fauji Group with 60% shareholding.
The Company is also in the final stages of developing Fauji Fresh and Freeze (formerly Al Hamd Food Limited) to diversify in food processing industry, one of the fastest growing sectors in Pakistan and across the globe with a huge potential of further growth and development in future.
Company is also keen to expand its HR Technical Services business in potential markets in the Middle East and KSA. It is also considering various investment proposals both inland and abroad as part of business diversification strategy.
Along with financial progress, FFC CSR contributions in the areas of education, health, disaster relief and environment are significant. Company is striving to incorporate UNGC principles into its strategy and governance for a sustainable business.
Internationally FFC is well recognized as a member of International Fertilizer Association (IFA), Arab Fertilizer Association and UN Global Compact USA.
IMS Policies
Quality Policy
FFCEL is committed to attaining excellence in all areas of its operations. We continue to strive to improvement through coordinated efforts, feedback, and training and employee motivation. We are determined to ensure customer satisfaction, company’s productivity & profitability, occupational health, safety and care for our environment and continue playing our role in the development of renewable energy sector of Pakistan.
Environment Policy
FFCEL is committed to achieve environmental protection through compliance with all the applicable laws and regulations. An active pollution prevention program is followed with efforts for continual improvement in the environmental aspects related to operations.
Occupational Health and Safety Policy
FFCEL is committed for continual improvement in OH&S management and performance. We endeavor to ensure these through Company Employees consultation & participation, elimination of hazards, reduction in OH&S risks and fulfilling applicable legal & other essential requirements. It is our Commitment that Occupational Health & Safety Company Employees remains an essential business requirement in FFCEL Operations and Support Services. We resolve to provide safe and healthy working conditions to prevent ill health, incidents and injuries through corrective actions and pursuing OH&S Objectives.