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IFC Supports Large-Scale Biogas Power Plant in Pakistan


In Cairo: 
Riham Mustafa 
Phone: +20 2 2461 4230 
E-mail: 
RMustafa@ifc.org


Karachi, Pakistan, November 12, 2012—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.”

The plant will be located in Landhi, a district of Karachi with a thriving dairy industry. The initiative is IFC's first clean energy advisory services project in the Middle East and North Africa.

About IFC 
IFC, a member of the World Bank Group is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visit 
www.ifc.org. 

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