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Business & Finance

KE to present $2bn investment plan for Karachi power infrastructure

  • In a statement, KE spokesperson said that these investments would be utilized to improve generation, transmission & distribution system of the power utility.
04 Jul 2020

Karachi electricity provider, K-Electric on Saturday informed that the company wants to present its $2bn investment plan, which will further strengthen the power infrastructure of Karachi over the next 3 years.

In a statement, KE spokesperson said that these investments would be utilized to improve generation, transmission & distribution system of the power utility.

Earlier, the company informed that it has initiated work to receive additional power from National Grid.

“Work has been initiated to receive additional power from National Grid upon confirmation last month,” said KE spokesperson. Last month, the federal government has announced that it is ready to provide an additional 500 MW from the National Grid.

The power utility provider added that the work for the 900MW power plant is already in progress for which the first unit will start generation from 2021.

In a letter to Governor of Sindh, KE has requested a meeting with all relevant stakeholders to discuss matters pertaining to power generation, it's planning, and matters related to financial management.