K-Electric and Engro Energy have signed a memorandum of understanding (MoU) to develop a 50MW Solid Waste to Energy Plant at an estimated cost of $175 million. The MoU was signed by Moonis Alvi, CEO, KE and Ahsan Zafar Syed, CEO, Engro Energy MoU at KE’s head office
The project is aimed at reducing the climate change impact by converting Karachi’s municipal solid waste into indigenous and renewable resource of energy. Due to this initiative the city’s waste will be reduced by more than 3,000 tons per day to cater for the growing power needs of the metropolis.
Moonis Alvi, CEO KE said, “Signing of this MoU today is yet another testament of our efforts towards a cleaner and greener Karachi. The city produces around 12,000 to 15,000 tons of solid waste daily and therefore has the potential to generate more than 200MW of electricity.”
Going forward, project site will be identified through surveys keeping in view availability of solid waste as well as suitability for evacuating power from the plant. Construction of the plant will commence after land acquisition, tariff determination and other required approvals.