K-E ratifies accords of bringing 850MW new capacityNovember 26, 2014
Karachi: K-Electric’s Board of Directors have ratified various accords to enhance its capacity of electricity supply by about 850 MW which would help meet the rising demand of energy in Karachi, parts of Baluchistan and interior Sind.
These arrangements are in collaboration with both local and foreign developers, and include a gas based project, two coal based projects and several renewable power projects. This would help KE diversify its fuel mix, bring down the cost of electricity generation while creating a positive impact on the environment.
Under these initiatives, a number of accords have been signed which include: an MoU between KE and China Machinery Engineering Corporation (660MW coal fired power plant), power off-take term sheets with the Sind Government for Nooriabad Gas-Fired plant (100 MW) and Fauji Fertilizer Bin Qasim Limited’s coal fired power plant (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.
In a statement regarding its initiatives, KE spokesperson stated “with the management’s vision focusing on diversifying its fuel mix, K-Electric is committed to developing a sound portfolio of conventional and renewable energy. We are continuously working towards improving the energy infrastructure and simultaneously doing our part to introduce clean renewable energy in Pakistan.”
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