Central Power Generation Co.

What Central Power Generation Co. does

Central Power Generation Company Limited (CPGCL), branded as GENCO-II, is a state-owned unlisted public company incorporated on 28 October 1998 under Pakistani law, with power generation operations at Thermal Power Station Guddu dating to 1975. The company is owned and controlled by the Government of Pakistan through GENCOs Holding Company Limited (GHCL) and the Ministry of Energy (Power Division), and operates under NEPRA License No.GL/02/2002 issued on 1 July 2002. Its registered office is at 197-WAPDA House, Lahore, while its operational headquarters sits at the plant site in District Kashmore, Sindh.

CPGCL's sole productive asset is a 747 MW Combined Cycle Power Plant (CCPP) at Guddu, configured as two 243 MW USA-made gas turbines (GT-14 and GT-15) combined with one 261 MW China-made steam turbine (ST-16). The plant runs primarily on indigenous natural gas supplied by Pakistan Petroleum Limited via pipeline, with High-Speed Diesel Oil (HSDO) supplied by Pakistan State Oil serving as backup fuel stored in 6,000-liter tanks. Generated electricity is delivered to NTDC's 500 kV switchyard co-located within the plant premises, then transmitted via three 500 kV feeders to Muzaffargarh-II, Rahim Yar Khan, and Old Guddu grid stations for national distribution.

The company's revenue model is a single stream: wholesale electricity generation sold to NTDC under regulated NEPRA tariff arrangements, with fuel costs typically passed through. CPGCL has no retail, consumer-facing, or export operations. Recent strategic activity has focused on rationalization rather than expansion, including Phase-I and Phase-II disposal tenders for redundant, old, and defunct power plants. The business is administered through a small corporate office (11-50 employees listed) alongside the operational plant workforce, with executive leadership under CEO Junaid Ahmed Baig and oversight from a board including government ex-officio directors.

Name

Central Power Generation Co.

Legal name

Central Power Generation Company Limited

Website

https://cpgcl.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

CPGCL is a Pakistani state-owned power generation company (GENCO-II) operating a 747 MW Combined Cycle Power Plant at Guddu, Sindh, selling wholesale electricity to NTDC under NEPRA-regulated tariff arrangements. It is government-owned through GENCOs Holding Company Limited.

Ownership category

akta.pro rank

Product category

Power Generation

NAICS

Fossil Fuel Electric Power Generation (221112), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Utility-Scale Combined-Cycle Gas Turbine (CCGT) Generation (EUACABAA)

akta.pro secondary industry

Gas-Fired Steam Turbine (Boiler-Fired) Generation (EUACABAF)

Keywords

• Thermal power generation
• Combined cycle power plant
• Electricity generation services
• Natural gas power plant
• National grid power supply

Headquarters

HQ city

Lahore

HQ country

Pakistan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure

Revenue model

1. Electric Power Generation and Sales: CPGCL generates electricity at its 747 MW Combined Cycle Power Plant in Guddu and sells power to the National Transmission and Dispatch Company (NTDC) through long-term power purchase arrangements. Revenue is derived from electricity generation capacity and output, with fuel costs typically passed through to buyers. As a GENCO (Generation Company), the company operates under NEPRA licensing (License No.GL/02/2002) and is regulated by the National Electric Power Regulatory Authority.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Central Power Generation Company Limited (CPGCL / GENCO-II) operates a 747 MW Combined Cycle Power Plant (CCPP) at Thermal Power Station, Guddu, District Kashmore, Sindh, Pakistan. The plant consists of two 243 MW gas turbines (GT-14, GT-15, USA-made) and one 261 MW steam turbine (ST-16, China-made) operating on natural gas as primary fuel and high-speed diesel as backup, with all generated electricity sold to NTDC via 500 kV grid interconnection.

Product overview

CPGCL operates a single unified power generation facility: the 747 MW Combined Cycle Power Plant (CCPP) at Guddu. This plant consists of three generating units—two gas turbines (GT-14, GT-15 at 243 MW each, USA-made) and one steam turbine (ST-16 at 261 MW, China-made)—that work in combined cycle configuration to maximize efficiency. The plant generates electricity for Pakistan's national grid, connected via NTDC's 500 kV switchyard, with primary fuel from indigenous natural gas supplied by Pakistan Petroleum Limited and backup diesel from Pakistan State Oil.

Differentiator

Problem solved

Functional benefit

Products and services

• 747 MW Combined Cycle Power Plant (CCPP) Guddu

Quantifiable outcome

• 747 MW total installed generation capacity from combined cycle configuration
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• GENCOs Holding Company Limited (GHCL)coreStrategic or Co-development Partner · 9 February 2012GHCL was established on February 9, 2012, as the Managing Agent for GENCOs including CPGCL (GENCO-II). GHCL's primary objective is to enhance corporate management, financial control, and business operations within the GENCOs. Key functions include liaising with Government of Pakistan, implementing GoP policies, representing GENCOs in regulatory matters with WAPDA, NTDC, CPPA-G, DISCOs, coordinating with international financial organizations, developing management systems, and overseeing human resource policies.
• Pakistan Petroleum LimitedcoreOthersPakistan Petroleum Limited supplies Natural Gas as the primary fuel for CPGCL's 747 MW CCPP facility. Fuel is delivered via indigenous pipelines, representing the main energy source for power generation operations.
• Pakistan State OilsupportingOthersPakistan State Oil supplies High-Speed Diesel Oil (HSDO) as the alternate/backup fuel for CPGCL's power plant. HSD is stored in tanks with 6,000 liters capacity for operational continuity during primary fuel interruptions.
• National Transmission and Dispatch Company (NTDC)coreStrategic or Co-development PartnerNTDC operates the 500 kV Switchyard/Grid Station located within CPGCL's TPS Guddu premises. CPGCL's power plant is interconnected to NTDC's national grid system via three 500 kV outgoing feeders to Muzaffargarh-II, Rahim Yar Khan, and Old Guddu. All generated power is sold to NTDC for national grid transmission and distribution.
• Ministry of Energy (Power Division)coreStrategic or Co-development PartnerThe Ministry of Energy (Power Division) sets government policies affecting GENCOs including CPGCL. Syed Imtiaz Hussain Shah, Additional Secretary-III, Ministry of Energy (Power Division) serves as Ex-Officio Director on CPGCL's Board of Directors.

Scale indicators3 records

Recent moves7 records

Direct peers

• Northern Power Generation Company Limited (NPGCL): Pakistani state-owned GENCO operating thermal power plants under GHCL oversight, with a shared management talent pool (CPGCL's HR Manager previously worked at NPGCL). Directly comparable as a sister GENCO with the same government ownership structure and NEPRA-regulated tariff model.
• Jamshoro Power Company Limited (JPCL): Pakistani state-owned GENCO under GHCL operating thermal generation assets. Directly comparable as a sibling government GENCO with parallel regulatory framework, NTDC off-take structure, and management cross-pollination (CPGCL HR Manager previously served at JPCL).
• The Hub Power Company Limited (HUBCO): Pakistan's largest IPP operating combined-cycle and coal-fired generation selling into the NTDC/CPPA-G system. Most relevant private-sector comparable for a 747 MW gas-fired CCGT in Pakistan, sharing fuel mix, off-taker structure, and NEPRA-tariff revenue model.
• Lakhra Power Generation Company Limited (LPGCL): Another Pakistani GENCO under GHCL operating thermal generation capacity for NTDC. Directly comparable state-owned peer with the same revenue model (capacity payments + energy sales to CPPA-G/NTDC) and NEPRA licensing framework.

Broad incumbents

• WAPDA (Water and Power Development Authority): Historic Pakistani state power entity from which GENCOs were carved out; CPGCL's registered office sits in WAPDA House, Lahore. Comparable as the broader incumbent state power institution governing the assets and policy environment in which CPGCL operates.
• Saudi Electricity Company: State-owned GCC power utility with a large gas-fired CCGT fleet and regulated tariff model. Comparable as a state-owned gas-CCGT operator in a hydrocarbon-economy power sector facing similar fuel security and dispatch dynamics.

Others

• GENCOs Holding Company Limited (GHCL): Parent holding company of CPGCL and other GENCOs, overseeing corporate governance and policy coordination. Directly relevant for valuation benchmarking of state-owned thermal generation assets in Pakistan.
• National Transmission and Dispatch Company (NTDC): Pakistan's national grid operator and CPGCL's sole off-taker; comparable as adjacent state-owned power-sector infrastructure entity. While vertically distinct (transmission vs. generation), it provides structural comparability in scale, governance, and asset value for state power assets in Pakistan.
• Central Power Purchasing Agency (CPPA-G): Wholesale electricity buyer for Pakistan's DISCOs and counterparty to CPGCL's power sale arrangements. Adjacent infrastructure in Pakistan's power value chain, relevant for benchmarking revenue/credit risk in the GENCO model.

Regional players

• K-Electric: Vertically integrated private power utility serving Karachi with its own generation fleet (gas/coal/oil). Comparable as a large-scale Pakistani thermal power operator with similar NEPRA-regulated tariff dynamics, though different ownership (private vs. CPGCL's state).

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/central-power-generation-company-limited

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Central Power Generation Co.