K-Electric has awarded the contracts to global technology powerhouse Siemens AG and Chinese construction contractor Harbin Electric for a 900MW Combined Cycle Power Plant and associated grids at Bin Qasim. KE said the contract was signed by KE CEO Moonis Alvi, Siemens executive vice president Dr. Keramat Fakhari and Guo Yu, chairman Harbin Electric International Company Limited in China.
With an investment of $650 million, the project will be built at KE’s Bin Qasim Power Complex and includes upgrade to associated transmission infrastructure. It will be dual-fired with RLNG (Re-gasified Liquid Natural Gas) as the primary fuel and represents one of the largest private sector investments of its kind in the country’s power sector.
In addition to this project, KE is also in talks with Government to increase the supply from the National Grid and in this regard discussions for supply of 500MW from KANUPP-2 and KANUPP-3 are in advanced stage.
It is pertinent to note however, that construction of interconnection facilities will take at least two years once the proposal is approved by GoP, which is still pending. Further a key coal-fired 700 MW project awaits notification from the Government of Pakistan.