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ISLAMABAD: K-Electric (KE) has shown an interest in procurement of up to 500 MW from the government of Pakistan initiative meant to develop 10 GW of solar PV capacity in the country.

The power utility’s interest has been conveyed by Chief Executive Officer Syed Moonis Abdullah Alvi, in a letter to Minister for Power, Khurram Dastgir Khan.

The KE being the only private and vertically integrated electric utility in the country is responsible for managing the generation, transmission, and distribution within its territory. Accordingly, KE remains obligated for end-to-end planning of its value chain and performs the functions of planner and procurer for its service area.

Commenting on a recent announcement by the GOP and Power Division for the development of 10 GW utility-scale solar PV projects, KE argues that this positive measure will help replace the expensive power produced through fossil fuels, with the inexpensive and sustainable generation of solar. Additionally, it will also aid the country in conserving the precious foreign currency reserves, currently being utilized to import costly fossil fuels.

According to CEO KE, the development of renewable power generation projects is the cornerstone of power utility’s long-term generation planning strategy and KE has plans to induct over 1.2 GW of power generated through renewables ( solar and wind) over the next few years, and many of these projects are already under various stages of development. The KE’s own generation capacity expansion plan is intended to be fully in line with the GoP’s vision of utilizing indigenous and renewable resources for power generation.

Large-scale solar PV project to be launched soon

The CEO KE maintains that in order to meet the rising power need of Karachi and provide a cheaper alternatives to the citizens, the power utility has offered to become a partner of GoP and Power Division for their solar initiative.

“We submit our intent to offtake via direct EPA with KE, up to 500 MW from the solar penal projects to be developed in IPP mode, either to be procured through competitive bidding or view direct G2G negotiation,” the CEO KE said, adding that this would be in addition to the company’s own renewable development pipeline.

The power utility has further stated that with the induction of this affordable renewable electricity into KE’s generation mix, the burden of subsidies shouldered by GoP will also be reduced.

The CEO KE has sought time from Minister for Power Khurram Dastgir Khan for a meeting to discuss and understand the possibility of moving forward.

Official sources told Business Recorder, many private companies from the Middle East, and countries like Saudi Arabia, UAE, Qatar, Russia and China have shown keen interest in solar projects on G2G basis.

Copyright Business Recorder, 2022

Comments

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اMuhammad Arif Oct 09, 2022 08:01am
Why should K-Electric not follow the other DISCOS in charging the GST on Net Units as opposed to acting on advice of Tax advisors to charging on Gross Units. This add to the payback period of Solar Generators. Let the fate of everyone be the same. On the other hand if KE must act on the advice of professionals then why did it move to collect the tax of KMC which was over turned by the Sind Court. Please re-consider your approach towards 5000+ customers who are contributing to the Renewable Green Energy.
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Tanveer Ahmad Oct 09, 2022 08:05pm
KE first established themselves in Solar system then they think to shift Green Energy At present KElectric has failed to facilitate the Existing customer as many has been delaying their first Net metering bill for long time say year or more time waiting customers The way they treat the customers at Customers centre badly Even the complaints call centre given long waiting complaints number It is better to Govt give away from KE And awards the Solar Energy contract to a sensible and local Good company
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Feisal Ali Oct 10, 2022 08:21am
KE has huge conflict of interest It is a DISCO It is also a GENCO setting its own prices as it controls the mix of fuels it burns to maximize profits. And now also a Solar Installer and approver of generation license's < 25KW of itself and of its competitors. A wakeup call for the regulators
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