KARACHI, March 15: A company, sponsored by Chinese and Korean investors, Bright Eagle Enterprises, would be funding conversion of KESC’s 1,260MW Bin Qasim Power Station (BQPS-I) to coal from residual fuel oil (RFO).

The project, first of its kind in Pakistan, entails replacement of existing 6x210MW RFO boilers of the power station with coal boilers and construction of coal and ash handling facilities in different phases and.

The KESC and Bright Eagle held their first joint session on Thursday to kick off joint development agreement signed last month.

The joint session was attended by a visiting 14-member high-level delegation from Bright Eagle, China Resource Power and China National Technical Import and Export Corporation. The members of the team also visited the site to obtain a tangible perspective on this significant undertaking by KESC.

The visiting delegation and KESC management had a productive dialogue aimed at strengthening the relationship between the partners and setting concrete milestones to achieve the desired goals, according to the power utility.

Both the sides reiterated that prospects of Pakistan-China friendship be translated into joint ventures to undertake and complete projects which also serve the larger public interests.

The visiting delegation was led by Mr Chen Ping, Chairman, Bright Eagle Enterprises, while other dignitaries included Wang Yujun, Executive Director and CEO of China Resource Power, and LU Zhikang, Marketing Director of China National Technical Import and Export Corporation.

KESC is already in the progression of finalising its feasibility study through a reputed US-based consultant, ‘Knight Piesold’.