Chinese and German firms awarded power project by K-Electric

KARACHI: K-Electric (KE) has signed a contract with a joint venture of Chinese and German firms to build a 900 megawatts dual-fired power plant with an investment of $650 million.
The contract was signed in Chinese city Harbin by KE CEO Moonis Alvi, Siemens Executive Vice President Dr Keramat Fakhari and Harbin Electric Chairman Guo Yu. KE said that despite the delays in the project timeline, the project will be executed on a priority basis and additional power will be added to the grid by summer 2021.
The project, BQPS-III of 900 MW, will be built at KE’s Bin Qasim Power Complex and includes upgrades to associated transmission infrastructure. It will be dual-fired, with the primary fuel being re-gasified liquid natural gas and will represent one of the largest private-sector investments of its kind in the country’s power sector.
In addition to this, K-Electric is also discussing with the government to provide additional 500MW from KANUPP-2 and KANUPP-3. “The 900 MW BQPS-III is essential in meeting Karachi’s future energy demands. An investment of the size and magnitude of BQPS-III is a testament to KE’s commitment to improving the reliability of power supply for its customers,” said Moonis Alvi.
For more news and blogs, visit graana.com

invest with imarat

Islamabad’s emerging city centre

Learn More
Maham Tahir

Recent Posts

Baghbanpura Bazar: A Historic Market in Lahore

Lahore, known as Pakistan's cultural and historic heart, is home to numerous ancient sites, bustling…

1 hour ago

Garha Mor: A Notable Landmark in Vehari City

Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…

1 day ago

Aslam Market Wah Cantt: Pleasure of Shopping & Dinning

Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…

2 days ago

Abid Market Lahore: An Iconic Shopping Landmark

Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…

3 days ago

CDA Chairman Urges Rapid Completion of Major Islamabad Interchanges

ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…

3 days ago

IMARAT Announces Launch of Pakistan’s Largest Sharia-Compliant REIT – A New Era of Real Estate Investment

Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…

3 days ago