Proparco is cofinancing a gas-fired power plant located in Sindh Province in Pakistan. This project is led by Engro Energy and uses lean gas, a currently unexploited resource which comes from the Qadirpur gas field.
Engro Energy LTD is a project company owned by the Pakistani company Engro Chemical, a major player in the chemicals and fertilizer sector in Pakistan. Engro Group operates in the sectors of fertilizers, agribusiness, energy, petrochemicals, import-export and chemical product storage.
Proparco’s loan will contribute to financing the construction, operation and development of a 217 MW gas-fired combined-cycle plant in Ghotki District in Sindh Province. The power plant will operate using lean gas, a by-product from the exploitation of gas from the Qadirpur field, during the life of the field. It will subsequently be converted to use the most economical fuel available.
This project will increase Pakistan’s power generation capacity, while using a resource which is currently unexploited and benefits from a relatively low generation cost. The project will have a major impact on reducing greenhouse gas emissions: it is expected to reduce greenhouse gas emissions by 15 to 20 million tons of CO2 over a 25-year period.