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850MW electricity: K-Electric BoD okay accords for power generation projects

850MW electricity: K-Electric BoD okay accords for power generation projects

KARACHI: With the aim to diversify its fuel mix and bring down cost of electricity generation, the K-Electric planned generation of 850MW to cater to the growing demand for power.

The decision was made by the K-Electric’s board of directors at a meeting wherein various accords were ratified to enhance the company’s capacity of electricity supply to meet the rising demand of energy in Karachi, parts of Balochistan and interior Sindh.

Under these initiatives, a number of accords have been signed which include an MoU between KE and China Machinery Engineering Corporation for 660MW coal fired power plant, power off-take term sheets with the Sind Government for Nooriabad Gas-Fired plant of 100 MW and Fauji Fertilizer Bin Qasim Limited’s coal fired power plant of 52MW.

Under KE’s Climate Change Policy, arrangements have been made with Hanergy Global (10MW) and Swiss-based Meeco Group (10MW) for Solar Photovoltaic power generation facilities. In addition, Waste-to-Energy project with Bahrain Based M/s Konzeum Waste Services (15MW) is also being planned.