ISLAMABAD, Aug 01 (APP):K-Electric (KE) completed another significant milestone in its ambitions to enhance its share of renewable energy in its generation mix, envisaged under the company’s Power Acquisition Program (PAP).
The company announced the receipt of a total of 15 bids for the first of its ambitious renewable energy initiatives of 150 MW solar p
rojects at Winder and Bela, Balochistan, said a press release issued on Thursday.
Aimed at harnessing 30% renewable energy solutions in its fleet by 2030, KE initiated a competitive biddin
g process for multiple renewable energy p
rojects earlier this year following a successful nod of approval from NEPRA.
This transparent approach is a testament to KE’s commitment towards sustainable energy solutions. Over the next 5 yea
rs, KE aims to add a total of 1300 MW of renewable energy p
rojects, furthering its commitment to sustainable energy solutions.
Syed Moonis Alvi, CEO of KE, expressed his enthusiasm about this development, stating, “Garnering 15 bids for the first cohort of the solar energy p
roject is a huge milestone for KE as well as for Pakistan. It represents local and international players’ trust in KE as a brand, as well as growing confidence in Pakistan’s economic potential. These p
rojects, along with our company’s future investment plans of almost USD 2 billion in transmission and distribution infrastructure, underscore our commitment to innovation and sustainable growth, ensuring reliable electricity for our customers.”
Shahab Qader Khan, Chief Strategy Officer, also shared his views, adding, “These renewable energy p
rojects are in-line with KE’s vision and NEPRA’s directives to prioritize local fuels and green sources. We are optimistic that the success of these p
rojects will encourage others to participate in the subsequent process as well. This will play a pivotal role in KE’s pursuit for fuel mix diversification and simultaneously contribute towards catalyzing the economic progress of the country.”
KE extended invitations to reputable local and international companies with proven power p
roject experience and sound financial standing to participate in the prequalification and biddin
g process of the p
rojects. A total of 15 number of bids were received for the first of the mega p
rojects.
KE accelerated its transformational journey by designing its portfolio to include wind and solar capacity to maximize energy yield. In addition to the 150 MW solar p
roject in Balochistan – for which the bidding is closed, a 270 MW p
roject in Sindh, comprising 120 MW at Deh Halkani and 150 MW Deh Metha Ghar, in District West, Karachi, and a 220 MW hybrid (wind and solar) p
roject at Dhabeji, Sindh, are at the bidding stage.
KE welcomes potential partners to bid on p
rojects in Sindh and craft a progressive energy future.
