Engro Chemicals offers Rs 101m bid for 100 MMCFD gas
By Adnan Rafique

ISLAMABAD—Engro Chemicals Private Limited Monday offered Rs. 101 million as bid for allocation of 100 MMCFD gas for setting up a new fertilizer plant near Qadirpur gas field. Minister for Industries and Production Jehangir Khan Tareen and Secretary Industries Shahab Khawaja also witnessed the bidding.
Speaking on the occasion Mr. Tareen said bidding was held in a transparent manner adding said that four parties including two foreign companies shown interest in bidding. He said that to make the bidding process transparent for allocation of 100 MMCFD gas for establishment of a new fertilizer plant, the Prime Minister had constituted a Committee.
He said only Engro Chemical Private Limited participated in the final bidding and offered Rs. 101 million for the allocation of 100 MMCFD gas for establishing a new fertilizer plant near Qadirpur Gas field. Minister informed that four companies namely International Petroleum Investment Limited, Orascom Construction Industries Limited, Fauji Fertilizers and the Engro Chemicals have been pre-qualified but today only Engro Chemicals participated in bidding process.
The Minister said the fertilizer plant would produce 1.3 million tonnes urea per annum in the country thus helps save a big amount from the import bill. He added this would also help promote agriculture sector and benefit the farmers. The Minister for Industries said the fertilizer plant would be on board in three-years. He said the process would continue for promotion of the agriculture sector. The Minister congratulated the successful bidder and hoped they would establish a state of the art fertilizer plant and play their role in the promotion of the agriculture sector.
Chief Executive Officer of Engro Chemicals Asad Omar appreciated the government for making the bidding process transparent. He added his company would establish a state of the art fertilizer plant at a cost of Rs.60 billion (US $ 1 billion) and would be the biggest urea producing plant in the world. He said the plant would be completed in three years time and will produce 1.3 million tonnes urea per annum.