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PROSPECTUS

Introduction:

Maple Leaf Power Limited (MLPL) is a wholly owned subsidiary of Maple Leaf Cement Factory Limited (MLCF) having head office at 42 Lawrence Road Lahore. MLPL is setting up a 40 MW Coal Fired Power Plant at Iskandarabad district Mianwali. Major equipment of the aforementioned plant is being purchased from ‘Sinoma Energy Conservations’ which is a Chinese organization with market presence in over 70 countries.

The total project cost is expected to be around 5.5 billion rupees. The plant is expected to operate throughout the year owing to the ample coal supply from international as well as local markets and steady electricity demand from end consumer i.e. Maple Leaf Cement Factory Limited.

Salient Features of Coal Fired Power Plant:

Project Location                                 :           Iskanderabad near daud khel dist. Mianwali

Rated Power Generation Capacity   :           40 MW

Fuel                                                     :           Imported Coal           

Proposed Covered Area                    :           36,000 m2 approximately 

Construction Period                          :           17 months

Source of water                                  :           4 wells at 0.5 km distance from Indus River

Source of power                                 :           Self-generated electricity from power plant  

Air pollution abatement                   :           Installation of ESP, bag house filters and desulfurizer

Type of waste water                          :           Power Plant waste water

Waste water treatment                     :           Power plant waste water shall be recirculated

Solid waste management                  :           Ash recovered from power plant shall be used in the cement factory

Proposed Investment:

The expected cost of the Coal Fired Power Plant is 5.5 billion rupees which is being financed by the holding company

Social and Environmental Impact:

Social and environmental impacts relating to this project have been anticipated and the keys impacts are as follows;

  • Construction noise
  • Solid waste
  • Soil contamination
  • Air pollution
  • Community and workers’ safety
  • Employment conflicts

Since the project has been commenced on a reserved area and no human settlements exist within 2 km of the selected site, construction related impact is not expected to extend to the community.

CODE OF BUSINESS CONDUCT AND ETHICAL PRINCIPLES:

The following principles constitute the code of conduct which all Directors and employees of Maple Leaf Power Limited are required to apply in their daily work and observe in the conduct of Company’s business.

While the Company will ensure that all employees are fully aware of these principles, it is the responsibility of each employee to implement the Company’s policies. Contravention is viewed as misconduct.

The code emphasizes the need for a high standard of honesty and integrity which are vital for the success of any business.

ETHICAL PRINCIPLES:

  1. Directors and employees are expected not to engage in any activity which can cause conflict between their personal interest and the interest of the Company such as interest in an organization supplying goods/ services to the company or purchasing its products. In case a relationship with such an organization exists, the same must be disclosed to the Management.
  2. Dealings with third parties which include Government officials, suppliers, buyers, agents and consultants must always ensure that the integrity and reputation of the Company is not in any way compromised.
  3. Directors and employees are not allowed to accept any favours or kickbacks from any organization dealing with the Company.
  4. Directors and employees are not permitted to divulge any confidential information relating to the Company to any unauthorized person. Nor should they, while communicating publicly on matters that involve Company business, presume to speak for the Company unless they are certain that the views they express are those of the Company and it is the Company’s desire that such views be publicly disseminated.
  5. All employees share a responsibility for the Company’s good public relations particularly at the community level. Their readiness to help with religious, charitable, educational and civic activities is accordingly encouraged provided it does not create an obligation that interferes with their commitment to the Company’s best interests.
  6. The Company has strong commitment to the health and safety of its employees and preservation of environment and the Company will persevere towards achieving continuous improvement of its Health, Safety and Environment (HSE) by reducing potential hazards, preventing pollution and improving awareness. Employees are required to operate the Company’s facilities and processes keeping this commitment in view.
  7. Commitment and team work are key elements to ensure that the Company’s work is carried out effectively and efficiently. Also all employees will be equally respected and actions such as sexual harassment and disparaging remarks based on gender, religion, race or ethnicity will be avoided.

MLPL’s Complaints Cell:

Please contact the following Person:

Syed Mohsin Raza Naqvi,
Group Director Finance
42-Lawrence Road, Lahore. 
Phone No. 042-36278904-05