Nishat Power Limited is the third independent power producer (IPP), which was incorporated as a public limited company in 2007 under the Power Policy 2002, after Attock and Atlas. The IPP is a subsidiary of Nishat Mills Limited of Nishat Group - a conglomerate that has a presence in many sectors like cement, textile, insurance, banking and aviation. Through Nishat Mills Limited, the group currently holds 51 percent of the thermal based IPP, Nishat Power Limited.

The IPP's primary activity is to build, own, operate and maintain a fuel fired power plant based on Reciprocating Engine Technology (RET) having gross capacity of 200MW in Jamber Kalan, Tehsil Pattoki, District Kasur, Punjab. Its main customer is National Transmission and Dispatch Company Limited (NTDC), and a supply issue from shell can impact the firm's share price as it has signed a fuel supply agreement (FSA) with Shell Pakistan for the supply of fuel to the oil company.

NPL's investment

NPL participated in the pre-qualification process of sponsors for the development of Coal Power Projects along with other members, comprising of Nishat Mills Limited, Lalpir Power Limited and Pakgen Power Limited. The Consortium successfully pre-qualified and got the letter of interest (LOI) for a 660 MW Coal Power Project. For this purpose, a Special Purpose Vehicle (SPV), has been incorporated namely Nishat Energy Limited to set up a coal power project under the Power Policy 2002 and Punjab Power Generation Policy 2006 as an Independent Power Producer (IPP).