K-Electric announces fresh $1-billion investment
K-Electric (KE), currently on the crossroads of a change in management to China’s Shanghai Electric Power, has announced to invest $1 billion as it looks to meet the city’s burgeoning power needs by next summer.
The Karachi-based integrated power company, KE, unveiled a plan on Monday to develop a 900-megawatt LNG-based power plant at its Bin Qasim site at an estimated cost of $1 billion, a project that includes simultaneous upgrade to associated transmission infrastructure. The plant is expected to start commercial production by “summer 2018”.
Published in The Express Tribune, 11th July, 2017.