• logo linkedin
  • logo email
Centrale à gaz
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.
Client presentation
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.
Project description
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.
Project impact
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.
19/12/2007
Date of signature of the project
Pakistan
Location
Financing tool
15 201 257 Euros
Amount of funding
Loan of USD 21,9 M
Financing details
ENGRO ENERGY LIMITED
Client