Aamir Ghaziani, Chief Financial Officer of KE at the Corporate Analyst Briefing session held at the Pakistan Stock Exchange (PSX) revealed that K-Electric (KE) plans to invest more than $3bn in the next four years for the improvement of transmission capacity and increasing the generation.
The CFO also said that to maintain this growth momentum, investments in infrastructure across the value chain is crucial including a 900 MW RLNG-based BQPS-III, a 700 MW coal-based IPP project, and Transmission and Distribution related projects.
He further said that the company’s over USD 450 million TP-1000 project is on course for successful completion, adding about 1,000 MVAs of transmission capacity through seven grid stations and associated power lines and systems. Four grids and 22 power transformers have already been energised under TP-1000 project. This will be followed by few other transmission projects, which will further improve network reliability and enhance KE’s transmission capacity.
The power utility’s plans to enhance distribution capacity through the addition of 300 feeders and over 5,000 transformers were also discussed at the session, as well as planned investments in the reliability of KE’s network and loss reduction through the conversion of 15,000 PMTs to Aerial Bundled Cable (ABC) by 2023.