Rawalpindi: In a significant development for the energy sector, Fauji Fertilizer Company Limited (FFC) announced that the Thar Energy Limited’s (TEL) 330MW power plant has reached its Project Completion Date as of October 31, 2025, according to project financing documents. This milestone comes after the plant, which is a mine mouth coal-fired Independent Power Producer (IPP) located in Thar, successfully commenced commercial operations on October 1, 2022. FFC holds a 30% stake in TEL.

The completion of the project is recognized as a priority under the China Pakistan Economic Corridor, marking a notable achievement for TEL and its stakeholders. The declaration of the Project Completion Date is expected to pave the way for TEL to distribute dividends to its shareholders, contingent on the availability of distributable profits and the fulfillment of necessary procedural approvals.

According to information available from the Pakistan Stock Exchange (PSX), this development underscores FFC’s ongoing commitment to safeguarding shareholder interests and maximizing shareholder value. The company has urged relevant parties to inform the TREC holders of this material information in compliance with the Securities Act, 2015.

The announcement was made public in a disclosure form dated November 3, 2025, from FFC’s registered address at 156 The Mall, Rawalpindi, aligning with the requirements of Sections 96 and 131 of the Securities Act.