ISLAMABAD: KESC would invest about $500 million for setting up of coal-based power plants, improvement in transmission and distribution systems in Karachi during the next five years, said Tabish Gohar, chairman, KESC board of directors here on Thursday.
A five-member KESC delegation briefed the Minister for Water and Power, Chaudhry Ahmad Mukhtar, on plans to improve power supply situation in Karachi.
Mr Gohar said that the Bin Qasim power plant would be converted on imported and local coal to generate 400MW cheaper electricity with an investment of $300 million.
The conversion plan would take almost 20 months to complete.
The KESC would spend $80 million on conversion of gas-based plants on combined cycle, while $80 million would be spent on smart grid station that would help improvement and transmission system.
The KESC chairman said that due to investment plan, the power system in Karachi would improve, and power thefts and line losses would be checked.
He also briefed the minister on outsourcing of some of its feeders and future plans to meet the electricity requirements.