K-Electric is the only vertically-integrated power utility in Pakistan. It produces electricity from its own generation units with an installed capacity of 2,247 MW (including units 3 & 4 at Bin Qasim Power Station 1, slated for coal conversion). It also has Power Purchase Agreements for 1,053 MW from various Independent Power Producers, the Water and Power Development Authority, the Karachi Nuclear Power Plant and through imports.
Generation Capacity Enhancement
Over the last few years, KE has enhanced its generation capacity by approximately 1,037 MW and improved its overall fleet efficiency by 22%. KE now generates almost 55% of the electricity it distributes through its own systems.
Combined Cycle Power Plant
Korangi and SITE
Improvement in Fleet Efficiency: 22%
- Addition of newer, more efficient plants
- Highest ever fleet efficiency of 40.3% in Feb 2014
- Increase in efficiency by 10.1% with the addition of GE Jenbacher units (SITE & Korangi) and 220 MW CCPP in Jan-Dec 2010 compared to Jan-Dec 2008
- Installation of Korangi Combined Cycle Power Plant Steam turbine (27.5 MW)
- Combined cycle operation of the Korangi Gas Turbine Power Station and the SITE Gas Turbine Power Station
K-Electric continues to expand its generation portfolio. This includes projects being developed by external developers as pure IPPs, and projects where KE shall acquire equity (partial or whole) and is directly involved in the development phase.
- KE has partnered with the China Datanag Overseas Investment Corporation and the China Machinery Engineering Corporation to jointly develop a 700 MW coal-based IPP in Port Qasim, with the financial close expected by the end of 2016 calendar year. KE will have 24% equity in the project.
- Engro Powergen has proposed the development of a 450 MW LNG Power Project at Port Qasim for which SPV has been incorporated and fuel supply secured. KE currently has an equity option in this project for up to 24%.
- The Sindh Nooriabad Power plant (100 MW net capacity) is a jointly sponsored venture of the Government of Sindh (49%) and Technomen Kinetics Limited (51%), and is expected to start operations by the end of 2016 calendar year.
- FFBL is in the process of developing a coal-based IPP at Bin Qasim for dedicated supply of (52 MW net capacity) to KE. Commercial operations are expected to start beginning of 2017 calendar year.
In accordance with its Climate Change Policy, KE is engaged in seeking out potential partners and sponsors to promote technological development, construction, operation and maintenance of solar and wind power plants within its franchise area.
Captive Power Plants
As a fast-track solution to bridge the demand-supply gap in the power sector, KE purchases surplus power from various small and large scale captive power plants set up by industrial-scale users.
KE will develop embedded generation plants up to a capacity of 500 MW, and is also working with Tapal Energy on setting up a 250 MW embedded plant under an IPP Structure.