KARACHI – Chinese and German big companies make huge investment offer inPakistan K-Electric (KE).
KE has awarded the contracts for a 900MW Combined Cycle Power Plant andassociated grids to Siemens AG and a Chinese construction contractor HarbinElectric, with an investment of $650 million at Bin Qasim.
The project will be built at KE’s Bin Qasim Power Complex and includesupgrades to associated transmission infrastructure. It will be dual-firedwith RLNG (Re-gasified Liquid Natural Gas) as the primary fuel andrepresents one of the largest private-sector investments of its kind in thecountry’s power sector.
In line with the vision of improving KE’s generation fleet efficiency, the900 MW BQPS-III is one of several planned projects to replace older plantswith newer and more efficient units.
The contract was signed by Moonis Alvi, CEO KE, Dr. Keramat Fakhari,Executive Vice President Siemens and Guo Yu, Chairman Harbin ElectricInternational Company Limited.
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Although the project’s timeline has been affected due to a delay in thefinalization of KE’s multi-year tariff, the power utility is determined toexecute it as soon as possible with additional power made available bysummer 2021.
The project is part of KE’s business plan formulated after a detailed studyto review all possible solutions for increasing generation capacity.
