Engro Powergen Thar Private Limited (EPTL) was formed in 2014 to set up a 2x330MW power project in Thar Block II, Sindh, Pakistan. The company is a joint venture between Engro Powergen Ltd (EPL) (with 50.1% ownership), China Machinery Engineering Corporation (CMEC), Habib Bank Ltd (HBL), and Liberty Mills Limited.
EPTL’s power project will be the pioneering project in generating electricity using indigenous lignite coal from the Tharparkar district. An opencast mine in Thar is being developed by Sindh Engro Coal Mining Company (SECMC), which will supply 3.8 Mt/a coal to EPTL. The mining project is currently in the overburden removal stage and is expected to achieve commercial operations by June 2019.
The power complex is expected to begin supplying electricity to the national grid, that is, commence commercial operations, by June 2019. It is designed to deliver gross capacity of 2×330 MW to the grid’s 500kV double circuit transmission line from Thar to Matiari on to Jamshoro/Moro.
Ahsan did his bachelors in Mechanical Engineering from NED University. He also holds Master’s Degree in Mechanical Engineering from Manhattan College.
Having 22+ years of professional experience in different functions, Ahsan is currently serving as CEO at Engro Powergen Thar limited. Prior to this, he was serving as Head of Manufacturing – Engro Eximp Agriproducts Ltd.
He started his career in Engro Chemicals LTD in 1991 as a Purchase Officer. He also provided services as Unit Manager Project Engineer & Unit Manager Plant Expansion. After the demerger of Engro Chemical Pakistan Ltd, Mr. Ahsan served as Construction Manager [Envin] in Engro Fertilizer Ltd. Later on, he was moved to Engro Powergen Ltd as Wind Project Manager.
Hasnain Moochhala joined Engro Corporation Limited as Chief Financial Officer in June 2017. Prior to that, he has had a in Commercial Finance, M&A, Corporate Governance, Treasury and Audit over 30 years across Europe and Asia. The last 20 years of his career was with Royal Dutch Shell in various roles including Finance Director Shell Pakistan, Head of Finance for Shell Lubricants Asia Pac, Head of Downstream M&A East and Finance Manager Upstream Joint Ventures.
Hasnain has partnered with businesses of significant size across China, South and East Asia, delivering turnaround business performance whilst ensuring robust business controls and compliance in matrixed organizations. His key achievements in prior roles include the delivery of material M&A transactions, the formulation of global best practice in Joint Venture Governance, cost leadership and the building of strategic partnerships with various stakeholders. Hasnain has also led, coached and mentored teams in Singapore and Pakistan, as well as virtual teams across Asia Pacific and Europe.
Atif Kaludi is a Chartered Accountant by qualification with 15 years of experience and is presently the Chief Financial Officer of Engro Fertilisers Ltd, a publicly traded enterprise and a part of the Engro Group. Engro is one of the largest conglomerates of Pakistan and has diversified itself in businesses including fertilizers, chlor-vinyl, foods, power generation, chemical handling and commodity trading. Kaludi has served Engro Powergen Qadirpur Limited and Engro Polymers in the past.
Atif received his CA training at one of the big fours i.e. Ernst & Young Pakistan. In his professional experience he has not only covered all areas of finance but has also worked outside his core area of expertise in inventory management function as a rotational assignment at Engro.
Javed Akbar is a Chemical Engineer and has over 40 years of experience in fertilizer and chemical business with Exxon, Engro and Vopak in Pakistan and overseas. He was part of the buyout team in 1991 when Exxon divested its stake in Engro.
Prior to his retirement in 2006, he was Chief Executive of Engro Vopak Terminal Limited, a joint venture between Engro and Royal Vopak of Holland. After retirement, he established a consulting company specializing in analyzing and forecasting petroleum, petrochemical and energy industry trends and providing strategic insight.
He currently serves on the board of companies involved in fertilizer, petroleum, power and renewable energy. He joined the EPQL Board in 2010.