Construction of 900MW RLNG based power plant to start in December 2019: CEO K-Electric
KARACHI: The construction processes of K-Electric’s $650 million 900MW RLNG-based Bin Qasim Power Station III will commence in December under the project contracts signed in October 2019 and are anticipated to turn generating electricity by summer of 2021. The project has received all required approvals and is part of KE’s planned initiatives resulting in investments of around US$3 billion across the power value chain over the next few years. The project was conceived in 2016 and feasibility studies got approved and publicly were announced in 2019.
KE has awarded the project contracts to Siemens AG and Harbin Electric International for the 900MW RLNG-based Bin Qasim Power Station III. He said that the project represents one of the largest private sector investments of its kind in the country’s power sector and is in line with the power utility’s vision of improving KE’s generation fleet efficiency. Additionally, KE has also requested for the import of 500 MW from the national grid through under-construction nuclear power plants KANUPP II & III which is under Government of Pakistan’s approval.