Project Overview

• Client: Balochistan Energy Company Limited (BECL) and Government stakeholders

• Location: Balochistan, Pakistan

• Project Type: Technical, Financial & Strategic Feasibility

• Duration: Multi-phase engagement covering analysis, modelling, and advisory

Problem Statement

Balochistan holds significant low BTU gas reserves, but lack of structured feasibility and sector prioritisation limited its commercial utilisation. This resulted in unclear investment direction, minimal private sector participation, and absence of a clear policy framework.

Objectives

The project aimed to assess technical feasibility, identify optimal industrial sectors, develop detailed financial models, and provide a structured roadmap for investment and implementation aligned with long-term economic goals.

Approach & Methodology

iCore applied a data-driven and structured approach combining technical evaluation of gas utilisation pathways, sector benchmarking, financial modelling (NPV, IRR, sensitivity analysis), comparative sector analysis, and stakeholder consultations.

Key Outputs

The project delivered a comprehensive feasibility report, eight detailed financial models, sector prioritisation framework, investment roadmap, and policy recommendations to guide implementation.

Impact & Results

The study enabled evidence-based decision-making, identified fertilizer as the most viable anchor sector, provided clarity for investment structuring, and supported long-term industrial development planning.

Key Insights

Fertilizer sector showed highest financial viability, Zin block provided better infrastructure advantage, and integrated industrial planning is required for optimal utilisation of gas resources.

Conclusion

The project transformed a complex natural resource challenge into a structured investment opportunity, positioning low BTU gas as a driver of industrial growth in Balochistan.

Call to Action

Looking to structure complex energy or infrastructure projects? Partner with iCore Business Solutions to develop investment-ready strategies.

Scope of Work

The engagement covered gas resource analysis, sector evaluation across fertilizer, power, cement, and ceramics, market demand analysis, infrastructure and site assessment for Zin and Margand blocks, regulatory review, and development of detailed financial models