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Engro and the Sindh government will build first hybrid renewable energy park

Engro Energy Limited (EEL) has inked an agreement with the Sindh Transmission and Dispatch Company (STDC) and the Directorate of Alternate Energy (DAE) to build a renewable energy park in Jhimpir that would supply power to industries in Port-Qasim and Dhabeji.

According to the conditions of the MoU, Engro will be in charge of constructing the country’s first hybrid solar PV and wind park, while STDC and DAE will be in charge of establishing the transmission network and facilitating the project’s land acquisition, respectively.Provincial Minister for Energy, Imtiaz Ahmed Shaikh; Ghias Khan, President Engro Corporation; Ahsan Zafar Syed, CEO Engro Energy; Muhammad Saleem Shaikh, CEO STDC; and other leadership members were present at the MoU sponsored by the Government of Sindh. Shahab Qader, CEO of Engro Powergen Qadirpur Limited (EPQL), Imtiaz Ali Shah, Director of DAE, and Muhammad Saleem Shaikh, CEO of STDC, signed the MoU.

Also read: Third Quarter 2021 Results – Engro Corporation Limited

Engro’s objective of providing affordable and dependable electricity to Sindh’s industrial cluster spurred the investment for the building of this sustainable hybrid wind and solar PV park in the Jhimpir wind corridor. The project is intended to lower industrial power costs while also assisting the government in meeting its objective to increase the amount of renewable energy in the energy mix to 30% by 2030.

The Chief Minister of Sindh – Murad Ali Shah, pledged complete support for this Renewable Energy Park and stated that: “The People’s government has always strived to work on meaningful projects that benefit the common people and the industry. Our robust energy-focused plans, including this RE Park venture is expected to deliver tremendous socio-economic benefits by elevating the stature of the Sindh Province as the industrial & renewable energy hub of Pakistan.”

Sindh’s Provincial Minister for Energy – Imtiaz Ahmed Shaikh appreciated Engro’s trust in the efforts of the Government of Sindh (GoS) for creating a business-friendly environment and said that: “We are striving to turn Sindh into an energy-abundant province using our indigenous and natural resources. Our success with the Thar Coal project is in line with BB Shaheed’s vision and now the Government of Sindh is focused on developing its renewable energy resources to provide low-cost energy to our industries.”

Also read: Engro has signed PKR 4,500 million Islamic syndication facility with Meezan Bank.

Speaking on the occasion, President of Engro Corporation – Ghias Khan expressed his gratitude to the Sindh Government for its generous support and highlighted the benefits of the project, stating that; “Engro has always maintained that we aim to solve some of the most pressing issues of Pakistan and our communities. The construction of this renewable energy park is testament to this vision which will bring up to 20% reduction in electricity cost of industrial consumers, stimulate industrial growth in the country and increase the competitiveness of local industries in international markets.”

The CEO of Engro Energy Limited – Ahsan Zafar Syed discussed the tremendous potential of this project and said: “In the first phase of the project Engro plans to provide upto 400MW of electricity by early 2024 with the potential to increase this generation to 1GW by end of 2029. The 1.2 billion units of Renewable based electricity, generated in this strategic-facility during the first phase will enable import-substitution worth PKR 13 billion per annum. It will also make major contributions towards environmental sustainability, by reducing the CO2 emissions by around 400+ Kilo Tons per annum, which is equivalent to planting 20 million trees.” He also appreciated the efforts of Mr. Muhammad Saleem Shaikh CEO STDC and his team for their continuous cooperation to move the project on fast track.”

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