K-Electric to invest Rs484b in T&D
PHOTO: EXPRESS
K-Electric has announced investing Rs484 billion in FY 2024-2030 into the Transmission and Distribution (T&D) business.
The plan keeps seeks to leverage technology as a mainstay to further improve network reliability for smooth and reliable supply of power, while accelerating Karachi’s development, progress, and sustainability, according to a KE statement issued on Monday.
“The new plan envisages investing Rs484 billion in the T&D business with a keen eye on projected growth in power demand, loss reduction initiatives, targeted and technology driven investments in the network for improved reliability and safety, as well as initiatives to enable KE off-take additional power from external sources including the National Grid,” reads the statement.
“The goal at the end is to make power affordable, safe, reliable, and smooth. At the same time, it seeks to invest in climate resilient and environmentally sustainable infrastructure for power supply,” the statement added. The new investment plan is designed to further the operational improvement, the statement read.
Published in The Express Tribune, February 14th, 2023.
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