KARACHI: K-Electric has announced via notification to Pakistan Stock Exchange (PSX) that the Board of Directors of the company has approved award of EPC contract(s) to Siemens-Harbin consortium to establish 900 MW Combined Cycle Power Plant at Bin Qasim.
The estimated contract value would be around $425 million. The project will be executed on fast track and additional power will be available in summer 2021. Moreover, the plant would run through re-gasified liquefied natural gas (RLNG).
This project will positively contribute to bridge electricity demand-supply deficit in KE service area, the notification read.