KARACHI: K-Electric – power generation, transmission and distribution company – has awarded a contract to establish 900MW power plant with estimated cost of around $425 million, an announcement said on Thursday.
According to information shared with Pakistan Stock Exchange (PSX) the power company said that the board of directors at its emergent meeting held on September 25, 2019 approved award of EPC contract to Siemens – Harbin consortium to establish 900MW combined cycle power plant at Bin Qasim.
The estimated contract value would be around $425 million.
The project will be executed on fast track and additional power will be available in summer 2021.
The project will positively contribute to bridge electricity demand-supply deficit in KE service area, the company said.