KE to Invest $84 Million On Grid System

KE to Invest $84 Million On Grid System

K-Electric is to invest approximately $84 million in the grid infrastructure. This will allow the utility firm to import up to 800 megawatts of additional power from the National Grid throughout the summer.

According to a stock filing, KE has granted Siemens (Pakistan) Engineering Company Limited an EPC Contract to construct a 500/200 KV Grid at KANUPP-K-Electric Interconnection (KKI). The EPC Contract is anticipated to be worth $84 million.

According to the company’s website, k-Electric is Pakistan’s only vertically integrated electricity utility. It generates energy with its generation units, with a total installed capacity of 1875 MW. It also has contracts with other electricity producers for around 1680 MW, including 1100 MW from the National Grid.

KE has increased its capacity by more than 1,000 MW since 2009 by investing more than $1 billion in the power generation business.