Yusuf Siddiqui, CEO of Engro Energy, speaks at the first Annual State of the Renewable Energy Conference hosted by and Unilever #ASREC
Conversation
“Engro has been a Company of many firsts: First fertilizer plant, first PVC plant, first LNG plant, the first chemical terminals, first LPG terminal, first Thar coal mine, first Thar coal power plant.” – Yusuf Siddiqui, CEO Engro Energy
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“We all know about renewable energy, the technology & mechanics. How we apply it in Pakistan or the speed to market is important. The regulators need to take a leap of faith and allow the private sector to operate in a liberalized market.” – Yusuf Siddiqui, CEO Engro Energy
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“Engro announced a hybrid solar & wind project of 1 GW in Jhimpir earlier this year. With this project, Engro is ready to operate in an efficient customer-centric energy market. It will give consumers access to reliable and affordable power.” – Yusuf Siddiqui, CEO Engro Energy
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“A competitive energy ecosystem will relieve the government of circular debt burden & allow the private sector to assume all risks. We should allow the private sector to start small & sell electricity directly to consumers.” – Yusuf Siddiqui, CEO Engro Energy
“This is not new; the US does it, Europe does it, and many developing countries have done it. We have not yet done but this should be advocated as the way forward since the cost and efficiency advantages are huge.” – Yusuf Siddiqui, CEO Engro Energy
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