Business Recorder/26-11-2019

KARACHI: With profound concern and vision aimed at reducing the climate change impact by converting Karachi’s municipal solid waste into indigenous and renewable resource of energy, K-Electric and Engro Energy signed a memorandum of understanding (MoU) to advance a 50MW Solid Waste to Energy Plant at an estimated cost of $175 million. Moonis Alvi, CEO, KE and Ahsan Zafar Syed and CEO, Engro Energy MoU at KE’s head office formally signed the MoU and shared mutual viewpoints relevant to the project. Through the project, Karachi’s municipal solid waste will be abridged by 3,000 tons per day to generate electricity, which will play a key role in addressing the municipality’s waste issue and simultaneously contribute in meeting the city’s mounting power needs. According to Moonis Alvi, CEO KE said, “KE is committed towards providing clean, reliable and affordable energy for the sustainable development of the city. Signing of this MoU today is yet another testament of our efforts towards a cleaner and greener Karachi.

We are hopeful to complete this project as soon as possible with the right facilitation from all concerned quarters and regulatory approvals. As per reports, Karachi produces around 12,000 to 15,000 tons of solid waste daily and therefore has the potential to generate more than 200MW of electricity. Successful commissioning of this project will encourage development of more such projects in the future to address the pressing waste disposal issues while also resolving the problems of limited landfill spaces and gas emissions.” Ahsan Zafar Syed, CEO of Engro Energy also spoke and said, “Engro is always at the forefront of solving the pressing issues of our time and one such challenge that our country faces is waste management in our Cities. This collaboration with Karachi Electric signals our resolve to find a solution around the waste management issues of one of Pakistan’s major cities”.