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. The project successfully achieved commercial operations date on July 10, 2019.
EPTL’s power project is a pioneering project in generating electricity using indigenous lignite coal from the Tharparkar district. It is the first Company to have demonstrated proof of concept and successfully produced upto 660MW of electricity linking it to the national grid via 500kV double circuit transmission line from Thar to Matiari on to Jamshoro/Moro.
Ahsan Zafar Syed is the CEO of Engro Energy Limited – one of the leading energy companies in Pakistan and a subsidiary of Engro Corporation. As the CEO he looks after various entities which include Engro Powergen Qadirpur Limited; Engro Powergen Thar Limited; Sindh Engro Coal Mining Company; Engro Energy Services Limited and Siddiqsons Energy Limited.
Ahsan is a graduate of NED where he studied Mechanical Engineering and then pursued his post-graduate degree in USA. As a proud alumnus of NED, Ahsan has close to three decades of managing and leading multi-billion dollar, mega-scale projects such as the fertilizer expansion project of Engro Fertilizers, setting up of Pakistan’s largest rice processing facility in Muridke and most recently establishing the CPEC-endorsed multi-billion dollar Thar power and mining projects – which have successfully unearthed Pakistan’s large coal reserves in Thar and produced electricity through Pakistan’s own fuel source. He joined the EPQL Board in 2019.
Fauzia Viqar is an internationally recognized expert and visionary leader on gender issues in development. She has vast experience of working with government and civil society organizations in Canada and Pakistan where Fauzia has led large programs on human rights and women’s empowerment. As Chairperson of the Punjab Commission on the Status of Women, Fauzia succeeded in placing gender equality at the core of government processes, by providing concrete evidence derived from unique data collection mechanisms that she pioneered. She currently heads a development consultancy, Rah Center for Management and Development and serves on various policy making boards and committees. She joined the Board in 2019.
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 Fertlizers 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.