Karachi Electric Supply Company to invest $500 million in coal-base power plants
Islamabad, February 21, 2013 (PPI-OT): Karachi Electric Supply Company (KESC) would invest 500 million dollars for setting up coal-based power plants, improvement in the transmission and distribution system in Karachi during next five years.
This was stated by Tabish Gohar, Chairmnan Board of Directors of KESC while talking to the Minister for Water and Power, Ch. Ahmed Mukhtar here today. Mr. Gohar called on the Minister along with a five member delegation including CEO, Syed Nayyar Hussain, Chief Strategy Officer, KESC Islamabad Head Khalid Rehman, Director Government Relations Sajjad Shahani and others. The meeting was also attended by Special Secretary, Ministry of Water and Power, Hamayat Ullah Khan and Joint Secretary Power, Zergham Ishaq Khan.
The Minister appreciated the business plan of KESC and asked to utilize all the resources to provide uninterrupted power supply to the consumers. He said Karachi is a business hub and lifeline of country’s economy so the industrial community should get cheaper and uninterrupted power supply. He also asked KESC to generate maximum power from its plants to meet the power needs of the city. Steps should also be taken to generate cheaper power, he added.
Earlier, Mr. Gohar informed the Minister that Bin Qasim power plant would be converted on coal (imported and local coal) to generate 400 MW cheaper electricity with an investment of 300 million dollars.
The conversion plan would take place 18 to 20 months. He said that 80 million dollars would be spent on conversion of gas based plants on combined cycle while 80 million dollars on the smart grid stations. He said that due to investment plan, the power system in Karachi would improve, power theft control and line losses would decrease.
He also briefed the minister on the outsourcing of some of its feeders and future plans to meet the electricity requirements. He also thanked the Minister for his cooperation and to encourage for investment in the power sector.
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