Integrating Renewable Energy in Flood Recovery
July 24, 2024PV+ Journal May-June 2024
August 15, 2024K-Electric has announced that it has received 15 bids for its inaugural renewable energy initiative, comprising 150-megawatt (MW) solar projects located in Winder and Bela, Balochistan. In a statement, the power utility highlighted the completion of a significant milestone in its efforts to increase the share of renewable energy in its generation mix, as outlined in the company’s Power Acquisition Programme (PAP).
Earlier this year, KE initiated a competitive bidding process for various renewable energy projects following the National Electric Power Regulatory Authority (Nepra) approval. Over the next five years, the power utility aims to add 1,300 MW of renewable energy projects, underscoring its commitment to sustainable energy solutions. KE Chief Executive Officer Syed Moonis Alvi stated that receiving 15 bids for the first phase of the solar energy project was a landmark achievement for both KE and Pakistan. “It demonstrates the trust of local and international players in KE as a brand, as well as the growing confidence in Pakistan’s economic potential. I am thrilled to see several reputable firms sharing our vision of building a resilient, robust, and sustainable energy future for Karachi,” he remarked.
He noted that the company’s future investment plans, valued at nearly USD 2 billion, focus on enhancing its transmission and distribution infrastructure and emphasize its commitment to innovation and sustainable growth.KE Chief Strategy Officer Shahab Qader Khan stated that these renewable energy projects align with KE’s vision and NEPRA’s directives to prioritize local fuels and green sources.
“We are optimistic that the success of these projects will encourage others to participate in the subsequent processes as well. This will play a crucial role in KE’s pursuit of fuel mix diversification and contribute significantly to catalyzing the country’s economic progress,” he said. The statement noted that KE invited reputable local and international companies with experience in power projects and sound financial standing to participate in the bidding process. A total of 15 bids were received for the initial renewable energy projects.
In addition to the 150MW solar project in Balochistan, for which bidding has closed, projects totaling 270MW in Sindh—including a 120MW project at Deh Halkani, a 150MW project at Deh Metha Ghar in District West, Karachi, and a 220MW hybrid (wind and solar) project at Dhabeji—are currently at the bidding stage.
According to the statement, KE is a publicly listed company incorporated in Pakistan in 1913 as KESC. Privatized in 2005, it remains the only vertically integrated power utility in Pakistan, providing electricity to Karachi and its surrounding areas.