RECORDER REPORT

LAHORE: Under a new investment agreement with Punjab Board of Investment & Trade (PBIT), UK based company Greenergy Limited (GRL) will install waste management and waste-to-energy (WTE) plants in Punjab.

This agreement will be a new model to improve waste management and also mitigate climate change by reducing pollution and increasing energy generation from renewable sources. PBIT will facilitate and support Greenergy Limited (GRL) throughout the procedure of installation of this latest waste management and waste-to-energy (WTE) plant in Punjab.

In this regard, Punjab Board of Investment and Trade signed an investment agreement with Greenergy Limited. Greenergy Limited (GRL) specialized in waste collection, segregation, recycling and the conversion of waste into energy (electricity) or energy by-products, such as Solid Recovered Fuel, Bio Diesel, Bio Char and Gases.

According to the spokesperson of the PBIT the agreement was signed by CEO PBIT Jahanzeb Burana and CEO Greenergy Naeem Abbas.

PBIT is keen to attract foreign direct investments in waste management solutions and promoting emission free, toxic free, efficient and cheap energy resources in Punjab.

Jahanzeb Burana emphasized that the Punjab government is eager to work with the private sector in efficiently addressing our key challenges.

Naeem Abbas said that the waste recycling industry is the most lucrative industry for investors, which provides Returns on Investments faster than any other industry lending billions of dollars to Waste to Energy projects. GRL is leading provider of environmentally innovative solutions in recycling waste material to generate energy through the effective implementation of Waste to Energy Plants whilst maintaining high levels of quality, he added.

GRL is working towards a greener environment with its plants installed in many countries including United Kingdom and Finland.