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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.

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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.

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