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K-Electric unveils $1b plan to add 900MW to system
July 12, 2017
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KARACHI: K-Electric, Pakistan’s only integrated Power Company on Tuesday unveiled a biggest private sector investment plan of $1 billion to set up 900 megawatts dual-fired power plant in order to overcome energy crisis in the port city.

 “The 900MW Bin Qasim Power Station-III will be built at K-Electric’s Bin Qasim site at an estimated cost of $1 billion and includes simultaneous upgrades to associated transmission infrastructure,” the company’s chief executive officer Tayyab Tareen said in a statement.

“We aim to commission the project in the fastest possible time and are confident that with the right facilitation from all quarters, power from the plant may be added to our supply as soon as summer of 2018.”

The company said the new power plant is expected to use re-gasified liquid natural gas as primary fuel and will represent one of the largest private sector investments of its kind in the country’s power sector.

People in the country’s trading and financial hub are accustomed with a certain period of power outage in a day as the demand is estimated to hover around 2,900MW, while supply is somewhere around 2,300MW.

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