KE to invest $3 B in next four years

Pakistan: Aamir Ghaziani, Chief Financial Officer of KE said that K-Electric (KE) is committed towards Karachi and its growth with an investment of $3 B over the next four years across the value chain at the Corporate Analyst Briefing session held at the Pakistan Stock Exchange (PSX) on Wednesday.

The CFO also said that to maintain this growth momentum, investments in infrastructure across the value chain is crucial including a 900 MW RLNG-based BQPS-III, a 700 MW coal-based IPP project, and transmission and distribution related projects.

He further said that the company’s over $450 M TP-1000 project is on course for successful completion, adding about 1,000 MVAs of transmission capacity through seven grid stations and associated power lines and systems.

Four grids and 22 power transformers have already been energised under TP-1000 project. This will be followed by few other transmission projects, which will further improve network reliability and enhance KE’s transmission capacity.

The power utility’s plans to enhance distribution capacity through the addition of 300 feeders and over 5,000 transformers were also discussed at the session.

Source: Business Recorder