Minister visits KE’s Bin Qasim Power Station 3

Web DeskSenior Editor

10th Sep, 2021. 02:02 pm
Pakistan Economy

KARACHI: Minister for Industries and Production Makhdoom Khusro Bakhtyar met KE’s senior management at the company’s Bin Qasim Power Complex to review the progress on K-Electric’s mega-project Bin Qasim Power Station 3 (BQPS-III), which will add 900MW to the K-Electric’s generation capacity and bolster the future of Karachi’s growth.

Equipped with state-of-the-art technology, a 900MW plant is being built at an estimated cost of around $650 million to generate clean and reliable energy for Karachi.

Upon completion, the power plant will be among the top five most efficient plants in the country. Work on the first unit of 450MW is 90 percent complete, while the second phase of 450MW is also proceeding swiftly.

The minister appreciated the K-Electric’s efforts to make sustained investments for Karachi’s betterment. He said, “Karachi is an industrial hub for the country and the focus of my visit was to see the progress across sectors. It is encouraging to see the progressive vision that is driving the KE’s efforts. Industries are the engine of our economy and the government is committed to supporting their growth through enabling policies. There is tremendous potential for investment in Pakistan, and a robust utility supply is integral to achieving this. The addition of 900MW for Karachi is a gift to the people and the industries here, and it would be a great honour for the plant to be formally inaugurated by the prime minister upon its completion.”

The growth in the power demand in KE’s service area is expected to remain above 5 percent and the KE expects over 700MW of new connections in the next two years, with more than half in the industrial segment. The construction works on BQPS-III plant started in December 2019 and work is progressing on a fast-track basis for completion of the plant to keep pace with the demand growth of the city.

In August 2021, the K-Electric entered into a gas supply agreement (GSA) with the Pakistan LNG Limited (PLL) for the provision of 150mmcfd RLNG to the KE’s Bin Qasim Complex in the presence of Minister of Energy Hammad Azhar and Special Assistant to the Prime Minister on Energy Tabish Gauhar.

The GSA is the first-of-its-kind where a government entity is directly providing gas to a private entity, and testifies to the government’s commitment towards Karachi.

K-Electric CEO Moonis Alvi also thanked the minister for his visit, commenting “BQPS-III is a collaboration between several stakeholders on both the engineering and financing side, which demonstrates the vision we all share for the prosperous future of our city, and for our country. A stable, safe, and consistent supply of energy is crucial to sustaining continued development in Karachi, and KE is proud to be leading this effort for its customers.”

“We appreciate the support of the federal government and associated ministries and look forward to embarking on a new era of progress and prosperity,” he added.

At the same time, K-Electric has been working closely with the federal government and relevant stakeholders to establish new interconnections and grids at key locations, which would enable Karachi to receive additional power from the national grid, taking the total drawl from the national grid to 2,050MW, which will cement the company’s mission to provide safe and reliable power to its growing customer base of 3.2 million and more.

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