K-Electric CEO Moonis Alvi while speaking at a meeting of Korangi Association of Trade and Industry (KATI) said thatK-Electric is working on plan to add 1600 MW of electricity for the people of Karachi. The estimated cost will be around $3bn.
The money will be divided into two different plants. A 900 MW RLNG-based plant with an investment of around $650 million will be established. $450 million will be spent on TP-1000 project to enhance the transmission capacity of K Electric. A 700 MW coal-based power plant is also in the pipelines.
Moonis said K-Electric adopted the policy of exempting industries from load-shedding and later in 2013 this initiative was included in national energy policy. He assured that industries were always on the top priority of K-Electric, and policies for new connection have been simplified.
K-electric is capable to generate 120 MW from the garbage of Karachi. The concern officials were directed to resolve all pertaining issues of Korangi Industrial Area and submit the report to Moonis Alvi on priority basis.
K-Electric regional head (South) Faisal Karamat, External Affairs directors Asmer Naeem and Anbreen Malik, Ovais Munshi, Cluster Head Abdul Latif Mahesser, KATI SVP Muhammad Ikram Rajput, Syed Wajid Hussian, former presidents Syed Farrukh Mazhar , Akbar Farooqui and others attended the meeting.