Atlas Power was incorporated in 2007 to establish the first fast track 225MW combined cycle power plant near Sheikhupura under 2002 Power Policy. The project is a joint venture between Atlas Group and MAN Diesel, Germany.

The Atlas Power plant consists of 11 four stroke Diesel Engines (Type 18V48/60) manufactured by MAN and one steam turbine. The engines are primarly developed for liquid fuels and offers a compact, relatively light and efficient power generation unit.
These engines are capable of operating as base-load plant on residual fuel oil and convertible into dual fuel operation with gas as well as bio-fuels as primary fuels. The total combined generation capacity of the plant is approximately 225MW (gros at ISO).