IFC Supports Large-Scale Biogas Power Plant in Pakistan
Noodls.com, November 12th
IFC, a member of the World Bank Group, is advising a Pakistan-based biogas company on the development of a waste-to-energy plant in the Karachi area, turning a serious environmental problem in to a renewable energy resource
The plant, to be built by Karachi Organic Energy (KOEL), will convert cow manure into electricity while producing organic fertilizer as a byproduct. IFC will provide KOEL - a joint venture between Karachi Electric Supply and the Amman Foundation - with advice on project development and financing. When completed, it will generate up to 22MW of power from animal waste that is currently being discharged directly in to the sea.
- There is tremendous potential in this bio-gas project, said Tabish Gauhar, CEO of Karachi Electric Supply.
- Its footprint extends beyond power generation. It will have a positive effect on the community and, importantly, on the environment.
The plant will be the largest biogas project in the country and it is expected to serve as a model for future developments.
- Pollution in Pakistan creates environmental and health problems, said Mouayed Makhlouf, IFC Director for the Middle East and North Africa.
- This plant will not only help address those issues but it will also contribute electricity to Pakistan's power grid, he added.