Karachi,16th October 2024 : The Honorable Commissioner of Karachi Division, Syed Hassan Naqvi, along with Mr. Irfan Salam Mirwani, Deputy Commissioner of District Malir, and Mr. Khizar Pervaiz, Chief Executive Officer of Sindh Enterprise Development Fund (SEDF), visited the project site of M/s Bio-waste Energy Ventures Pvt. Limited (BEVPL) at Nagori Cooperative Dairy Farming Society (Gadap), District Malir. The visit marked the commencement of construction of the second digester of the biogas plant.
The Government of Sindh (GoS) has established the Sindh Enterprise Development Fund (SEDF) to foster investment in SMEs and MSMEs, aiming to stimulate economic growth, generate employment, and alleviate poverty. SEDF provides technical and financial support, including mark-up subsidies, to encourage value addition across various sectors such as agricultural value chains, horticulture and floriculture, clean/green energy, cold storage, mining & mineral processing, and innovation and technology. The fund aims to enhance efficiency and profitability while promoting the adoption of globally recognized best business practices.
The BEVPL project, approved and supported by SEDF, includes a commercial-scale biogas plant with a capacity of 20,000 cubic meters, expected to generate approximately 11,000 cubic meters of bio-methane per day. This bio-methane will be compressed at a pressure of 200 bar and supplied to industries in Karachi. The total project cost is approximately PKR 800 million, including a debt component of PKR 380 million financed by Bank Alfalah Limited, with partial debt guarantees provided by USAID and debt subsidized (up to KIBOR) by SEDF. The proposed biogas plant will primarily utilize animal (cow and buffalo) dung, with co-digestion of various organic feedstocks depending on availability. Additionally, gas can be produced by fermenting any type of biodegradable waste, including agricultural, animal, municipal, and industrial biodegradable waste.
Commissioner Karachi praised the efforts of SEDF, stating that the project is a milestone for the clean/green energy sector in Sindh and will inspire others to follow, unlocking the potential of green energy in the province.
Deputy Commissioner, District Malir acknowledged the efforts of the project sponsors, particularly Mr. Waqas Mohsin, Director of BEVPL, and the CEO of SEDF, for the smooth implementation of the project within a short span of time.
On this occasion, the CEO of SEDF remarked that the project represents a significant step towards reducing the carbon footprint and greenhouse gas emissions from industries in Sindh, contributing to the socio-economic development of the province and Pakistan.
