K-Electric to add 450 MW by May 21.

KARACHI -- The first 450 MW unit of RLNG-based BQPS-III project is scheduled to come online by May 2021 which would help improve K-Electric's generation fleet efficiency from 38% in FY 2020 to 48% in FY 2023.

Chief Financial Officer KE, Aamir Ghaziani, in a corporate briefing held via webinar on Wednesday, reiterated KE's commitment with taking Karachi to a power surplus position by 2022 and informed that upcoming 900 MW RLNG-based BQPS-III is proceeding as per expected timelines while of renewable energy projects of 350 MW were also in the pipeline.

He informed financial analysts from various brokerage houses and financial institutes that

Work on the 220 kV Dhabeji Grid and transmission lines has started and finalization of contractual arrangements for the off-take of additional 1,400 MW from National Grid was in advanced stages he said and hoped that the National Transmission and Dispatch Company (NTDC) will complete necessary rehabilitation of the 220 KV Dhabeji grid along with implementation of 'Cross Trip' scheme by March of 2021.

Conclusion of the interconnection agreement (ICA) with NTDC and power purchase agreement (PPA) with CPPA-G for 2,050 was crucial for off-take of additional power.

He claimed that KE owing to improved operational and financial indicators has turned around to earning profit in first half of fiscal year 2021 as in the first half of FY 2021 KE have recorded 4.8 % growth in sent-out, improvement...