ISLAMABAD: All necessary measures should be taken to meet electricity requirement of the main port city, said President Arif Alvi while emphasising the importance of Karachi as a financial and commercial hub.
The president was meeting a delegation of K-Electric at the President House to discuss the city’s electricity situation and incoming projects. The delegation was led by K-Electric Chairman Tayyab Tareen who was accompanied by Chief Executive Officer Moonis Abdullah Alvi.
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The president stressed that in addition to power generation, attention should also be paid to improving the power transmission system, reducing line losses and curbing theft in order to provide maximum electricity for domestic and commercial consumers, as it was one of the priorities of the government.
The chairman and CEO briefed Alvi on all incoming projects for power generation, transmission and distribution, which remained in line with K-Electric’s commitment to ensuring uninterrupted supply of electricity to the city.
The delegation stressed the importance of the Shanghai Electric deal, which would ensure timely completion of future power projects.
It also shared the steps taken to improve the system as per requirement along with investments already made in the generation, transmission and distribution network.
Karachi’s electricity demand has surpassed 3,100 megawatts and continues to grow every year. K-Electric’s management has invested around $2 billion whereas the transmission and distribution losses have been brought down from more than 36% to below 20%.
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According to sources, a 900MW power project at Bin Qasim is in the pipeline, which is facing delay due to revision in the multi-year tariff by the National Electric Power Regulatory Authority.
Published in The Express Tribune, September 29th, 2018.
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