KARACHI: K-Electric, the sole power utility of the city, on Monday signed a memorandum of understanding (MoU) with the provincial government, Oracle Power and PowerChina for the potential development of a 1,320MW coal-fired power project based on Thar coal.

Oracle Power is an international natural resource and power project developer listed on London’s stock exchange, while PowerChina is a Fortune 500 listed integrated construction group which has completed over 40 various projects in Pakistan.

Speaking on the occasion, Sindh Energy Minister Imtiaz Shaikh said that electricity was a fundamental driver of development and progress, and this collaboration was a big step in this direction. “Once operational, this project will immensely benefit the entire province which is why we are committed to provide our full support until its maturity.”

The KE shared its vision of adding a total of 2,200 MW to its generation capacity by 2030, and increase its share of renewable energy to 30 per cent the overall mix.

Published in Dawn, May 16th, 2023