Engro Energy Limited has reduced its stake in Engro Powergen Qadirpur Limited by selling 18.53% of its shares for Rs 1.5 billion, according to a filing on Tuesday. The deal keeps control firmly in Engro’s hands while freeing up capital.
Parent company Engro Holdings Limited disclosed the development in a notice to the Pakistan Stock Exchange. The shares were sold on February 16, 2026, at Rs 25 per share. In total, 60 million shares changed hands, resulting in a transaction value of Rs 1.5 billion.
Following the sale, Engro Energy Limited’s holding in EPQL has fallen from 68.89% to 50.36%. However, the company will continue to hold majority ownership. It will also retain management control of the power producer. The notice confirmed that Engro Holdings, through its wholly owned subsidiary EEL, will maintain about 50.36% equity in EPQL.
EPQL operates a 217 megawatt combined cycle power plant near Qadirpur in District Ghotki. The company was incorporated in 2006 and is headquartered in Karachi. Over the years, it has played a steady role in Pakistan’s independent power sector.
The plant runs on a 1+1+1 configuration. It includes one gas turbine, one heat recovery steam generator, and one steam turbine. This setup improves efficiency and maximizes output. The facility uses permeate gas as its primary fuel. High-speed diesel serves as backup fuel when required.
EPQL began commercial operations in March 2010. Later, in October 2014, it was listed on the Karachi Stock Exchange. Since then, it has remained part of Engro’s broader energy portfolio.
