January 24, 2021

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FFC Energy Limited to commence trial production in June 2012 – Alfalah Securities Limited

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Karachi: FFC Energy Limited (FCCEL), a 100% owned subsidiary of FFC, would commence trial production of its wind power project, capable of producing 50MW electricity, in June 2012 and would [...]

Karachi: FFC Energy Limited (FCCEL), a 100% owned subsidiary of FFC, would commence trial production of its wind power project, capable of producing 50MW electricity, in June 2012 and would supply electricity to the National Transmission and Dispatch Company (NTDC) free of charge till the commercial operations commences in November 2012.

According to Alfalah Securities Limited, the company has already installed 7 out of their total 33 wind turbines and the remaining 25 would also be completed before the commercial operations starts this year. Alfalah Securities Limited believes the commencement of operations of FFCEL would add to the profitability of FFC going forward. Alfalah Securities Limited recommends a “Buy” on FFC with a target price of PKR 225.7 per share, which offers a lucrative dividend yield of ~13%.

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