On 14 November the International Finance Corporation of the World Bank (IFC) announced its support to the development of a waste to energy biogas project in the area of Karachi, Pakistan.
The project envisages the implementation of a 22 MW biogas plant using cow manure that is currently discharged directly into the sea, thus turning a serious environmental problem into an effective resource for the production of energy and stimulation of local economic growth. The plant will be built by Karachi Organic Energy (KOEL), a joint-venture between Karachi Electric Supply and Amman Foundation and will benefit of advice on project development and financing by IFC.
The plant will be the largest biogas project in the country and represents IFC’s first initiative in clean energy advisory services projects in the Middle East and North Africa
