Karachi, 4th April, 2014: A press statement by K-Electric was released in which the power utility was pleased to announce another milestone achieved by the company which will further help in generating additional units in days to come.
National Electric Power Regulatory Authority (NEPRA) has approved the Licensee Proposed Modification (LPM) which was sent by KE regarding its coal conversion project. This is the first such initiative of its kind in Pakistan where the company is moving towards alternate fuel.
According to this LPM application that KE had sent, 2 units of BQPS 1 will be converted from Furnace Oil to Coal. Giving details the press statement added that Units 3 and 4 of BQPS1 are of 210 MW each and the two would be leased out to an IPP called K-Energy, which was formed by the project investors.
These project investors will be undertaking investment of over USD 350 million through which new boilers and ancillaries will be constructed, along with coal handling equipment. These will be then synchronized with K-Electric’s leased units.
Press statement clarified that the EPC Contract for this Project had already been executed with Harbin Electric International , China back in November 2013. The LPM approval is the first major step which shall be followed by tariff approvals from NEPRA. KE believes in moving towards alternate sources and cost-effective generation of electricity where the end-consumer would gain maximum benefits through a cheaper tariff.