Client: International Finance Corporation
Project Description: The International Finance Corporation (IFC), a member of the World Bank Group, promotes sustainable private sector investment in developing countries to reduce poverty and improve people’s lives. In addition to its investment work in the MENA region, IFC is also providing Advisory Services aimed at specific aspects of private sector development, including support to small and medium enterprises, enhancing access to finance, improving the business enabling environment, encouraging privatization and public-private partnerships, and promoting environmental and socially sustainable practices.
The MENA Power Advisory Program aims to increase investment flows into clean energy by demonstrating commercial viability and removing specific barriers to the scale-up renewable energy technologies that help GHG emissions and provide support in climate change mitigation measures.
The program “Field survey of selected Industrial Estates and Zones to asses’ potential of distribution generation” was designed by the IFC team to cater to Pakistan’s industrial landscape’s growing needs.
The program was divided into two phases. In the first phase, 350 industries were targeted in Hattar and Karachi. This particular report is concerned with the field conducted at Hattar. The second phase of the program will target 450 industries at Lahore, Multan, and Faisalabad. The following report only focuses on the Hattar Industrial zone. IFC selected VTT Global to carry out this assignment.