Pakistani rupees — File Photo
The KESC has already invested around $1 billion over the last four years in various large scale projects in generation, transmission and distribution. — File Photo

KARACHI, Nov 7: The Karachi Electric Supply Company (KESC) on Wednesday announced plan to invest Rs40 billion ($400 million) during next two to three years in enhancing its generation capacity, improving generation fleet efficiency to meet growing power demand across its service territory.

A spokesman from the power utility said on Wednesday that KESC would arrange these funds from local and foreign institutions in the shape of both debt and equity.

The KESC has already invested around $1 billion over the last four years in various large scale projects in generation, transmission and distribution. The new Rs40bn investment plan, he said, is aimed at enhancing KESC’s power generation capacity.

These funds will also be utilised in reducing power generation cost and building requisite transmission capacity to meet ever-rising demand of electricity in Karachi, he added.

Under the new investment plan, KESC is undertaking combined cycle projects at its three power plants in Korangi and SITE area where it would enhance efficiency of the plants and add additional 47MW of generation capacity.

A specially-designed ‘transmission package’ will see installation of new transformer bays, in addition of three new grid stations at strategic locations and extension of six existing grid stations.

The spokesman further said that in line with strategic intent to bring down the cost of generation, the new investment plan would allow KESC to convert two of its oil-fired units of 210MW each at its Bin Qasim-I to coal.

In addition, KESC pledges to develop a bio-waste energy project which would convert cattle manure from Landhi Cattle Colony and organic food waste to produce 22MW of electricity.

More From This Section

Dar eyes forex reserves at $15bn by end-Sept

Pakistan's forex reserves are currently at $11.67bn after SBP received $2bn on Wednesday through floating of Eurobonds.

Sindh revenue collection jumps by 23pc

Revenue collection in Sindh between July 2013 and March 2014 stood at Rs23.7bn, witnessing an increase of 23 per cent.

Treasury bills losing attraction

Govt failed to mobilise banks for T-bills auction as the bids it received for the auction were less than the set target.

Punjab textile units start downsizing

Several textile units have incurred losses due to short gas supply, long power cuts, appreciating rupee against US$.


Comments are closed.

Comments (3)

Aurangzeb
November 9, 2012 1:13 pm
This shows efficiency in private sector over public sector. We should also privatise other public sectors such as Pakistan Steel, Railways, PIA, Pepco and get rid of those white elephants and spend saved money in social and economic deleopment of Pakistan. Well done KESC.
Bilal
November 8, 2012 11:03 pm
awesome...
salim mastan
November 9, 2012 8:35 pm
for $400 million we can grow amount $400,000,000 cost per acre $500 total acres 800,000 yield per acre 2500 total liters /year 2,000,000,000 liters required for production of 1 mw of electricity 1,750,000 liters total mw produced 1,143 number of people employed 4,000,000 with 1000 MW produced by JATROPHA BIODIESEL THE 1 TIME EXPENSE KARACHI AND KESC WILL BENEFIT SALIM MASTAN
Explore: Indian elections 2014
Explore: Indian elections 2014
How much do you know about Indian Elections?
How much do you know about Indian Elections?
Cartoons
E-PAPER
Front Page