Page 7 - Environmental News letter
P. 7
April,2020 www.geolinks.com
International/Local Market News
K-Electric to build 900MW LNG-
based power station
K-Electric has planned to start construction of 900-megawatt re-gasified
liquefied natural gas (RLNG)-based Bin Qasim Power Station-III this
year in an effort to provide cheap electricity to the consumers of Karachi.
“The company will invest $650 million in
building the Bin Qasim Power Station-III.
It is expected to start producing electricity
by the summer of 2021,” K-Electric Chief
Executive Officer Moonis Alvi said while
talking to The Express Tribune.
He said the project had received all required approvals and was part of K-
Electric’s planned initiatives, which would lead to investment of around $3
billion across the power value chain over the next few years.
K-Electric has awarded contract for the 900MW project to Siemens AG and
Harbin Electric International.
Chinese firm renews intention to buy K-Electric
Alvi recalled that the last addition to K-Electric’s generation capacity was made
in 2012, when the 560MW Bin Qasim Power Station-II was launched.
He emphasised that the Bin Qasim Power Station-III represented one of the
largest private-sector investments in the country’s power sector and was in line
with the power utility’s vision of improving its generation efficiency.
