KE awards $650m contract to Siemens, Harbin Electric.
KARACHI -- K-Electric on Wednesday awarded $650 million contract to German firm Siemens AG and Chinese construction giant Harbin Electric for building a 900MW combined-cycle power plant and associated grids at Bin Qasim.
The contract was signed in Chinese city Harbin by KE CEO Moonis Alvi, Siemens Executive Vice PresAiAdent Dr Keramat FakAhari and HarAbin Electric Chairman Guo Yu.
Although the project timeline has been affected due to delay in finalisation of KE's Multi-Year Tariff, the power utility is determined to execute it on a fast-track and additional power to be made available by summer 2021, said a KE press release.
With a $650m investment, the project will be built at KE's Bin Qasim Power ComAplex and includes upgrades to associated transmission infrAastructure. It will be dual fired with RLNG (re-gasified liquid natural gas) as the primary fuel.
The 900MW BQPS-III is one of several...
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