Fauji Fertilizer Bin Qasim Limited (FFBL) announced a power outage that is expected to last for over four weeks. In a letter to the PSX, Company Secretary Brig Khurram Shahzada shared that the FFBL’s power supply from FFBL Power Company Limited (FPCL) has been disrupted due to a technical issue.
It was expressed that because of the blackout, FFBL’s activities are right now being overseen through self-created power and steam, which requires more costly fuel. Additionally, the development of urea might be somewhat influenced, contingent upon the volume of gaseous petrol accessible from SSGC. That being said, it was guaranteed that FFBL’s DAP plant is as yet working not surprisingly.
The divulgence was made in the endorsed design by the Protections and Trade Commission of Pakistan. Moreover, in consistence with Segment 96 and 131 of the Protections Act, 2015, and statement 5.6.1(a) of the PSX Rule Book of the Pakistan Stock Trade, FFBL has mentioned the dispersal of this data to its individuals and TREC holders of the Trade.
It appears to be that the organization has been managing each emergency in succession. Toward the end of last year, in December 2022, FFBL reported the conclusion of its DAP (Di-ammonium Phosphate) manure plant. This was chosen to address the organization’s stock administration issues, establishing from market interest and supply elements. The time span for this conclusion wasn’t explained, not normal for the new blackout, by which they have given a conditional four-week time of utilizing self-produced power and steam. It was, in any case, guaranteed even back in December that FFBL’s urea plant will stay useful.