Karachi Electric (KE) Pakistan LNG Limited (PLL) have signed a Gas supply agreement for the provision of 150 MMCFD RLNG for 900 MW RLNG-based power plant at Port Qasim.
This the first time in the history of the country that such an agreement has been executed between a private and a public entity. The agreement was signed by CEO KE Moonis Alvi and CEO Pakistan LNG Limited (PLL) Masood Nabi.
Minister for Energy Hammad Azhar lauded both the organisations on achieving this milestone, calling it “a step in the right direction for the future of Karachi and a positive move for both KE and PLL which ensures the interests of both parties as well as Karachi.”
BQPS-III is KE’s flagship project valued at over $ 600 million will add 900 MW to KE’s generation supply and meet Karachi’s growing power demands. The addition of this plant has the potential to go a long way in supporting Karachi’s continued socio-economic growth.