KARACHI: Pakistan inks mega power project deal with Chinese and GermanCompanies, media had reported.
K-Electric (KE) has signed a contract with a joint venture of Chinese andGerman firms to build a 900 megawatts dual-fired power plant with aninvestment of $650 million, the company said on Wednesday.
The contract was signed in Chinese city Harbin by KE CEO Moonis Alvi,Siemens Executive Vice President Dr Keramat Fakhari and Harbin ElectricChairman Guo Yu.
KE said although the project timeline has been affected due to delay infinalisation of KE’s multi-year tariff, the power utility is determined toexecute it on a fast track and additional power to be made available bysummer 2021.
The project – BQPS-III of 900 MW – will be built at KE’s Bin Qasim PowerComplex and includes upgrades to associated transmission infrastructure. Itwill be dual fired with re-gasified liquid natural gas as the primary fueland represents one of the largest private sector investments of its kind inthe country’s power sector.
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In addition to this, KE is also in talks with the government to increasethe supply from national grid and in this regard discussions for supply of500MW from KANUPP-2 and KANUPP-3 are in advanced stage.
Speaking at the occasion, Moonis Alvi said, “The 900 MW BQPS-III isessential in meeting Karachi’s future energy demands. An investment of thesize and magnitude of BQPS-III is a testament to KE’s commitment toimproving the reliability of power supply for its customers.”
