Go Energy to launch 500 MW floating solar project to supply electricity to K-Electric

News Image

MG News | June 10, 2024 at 03:48 PM GMT+05:00

June 10, 2024 (MLN): Go Energy Pvt Ltd will set up a 500 MW floating solar power project on Keenjhar Lake to supply electricity to K-Electric through STDC's transmission line, Energy Minister Nasir Shah stated during the board meeting of the Sindh Transmission and Dispatch Company.

The board meeting held in the committee room of the Energy Department also led to additional crucial decisions and announcements.

As per the details of the meeting, Sindh Transmission and Dispatch Company (STDC) will contract with private companies to lay the electricity transmission line.

This initiative is part of a broader plan to enhance the electricity transmission infrastructure in Sindh.

Moreover, the energy minister approved a Memorandum of Understanding (MoU) for the transmission of 600 MW of electricity prepared by private entities.

Nasir Hussain Shah further said that both Gul Ahmed Group Power Company and Gul Ahmed Renewable Energy will produce 50 megawatts of electricity.

“They want to supply this electricity to Gul Ahmed Textile Mills through the transmission line of STDC,” he added.

The meeting also led to the approval of a MoU between STDC and Gul Ahmed Group, as confirmed by the Chairman.

Nasir Hussain Shah also mentioned that the government of Sindh has established Sindh Public Procurement (SEPRA) compared to the National Electric Power Regulatory Authority (NEPRA) to provide cheap electricity to the people.

“Officers and employees with good performance will be awarded with both awards and rewards Nasir,” he concluded.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 185,372.21
314.71M
0.46%
851.25
ALLSHR 111,991.85
808.33M
0.65%
718.12
KSE30 55,404.49
93.15M
0.58%
321.30
KMI30 262,585.95
95.11M
0.49%
1271.44
KMIALLSHR 72,124.09
476.70M
0.59%
425.45
BKTi 52,005.70
31.68M
0.63%
324.75
OGTi 37,895.90
20.70M
1.63%
608.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 63,000.00 63,640.00
61,420.00
1345.00
2.18%
BRENT CRUDE 71.94 72.49
71.30
0.14
0.20%
RICHARDS BAY COAL MONTHLY 107.50 0.00
0.00
-0.50
-0.46%
ROTTERDAM COAL MONTHLY 122.40 122.75
120.45
1.30
1.07%
USD RBD PALM OLEIN 1,135.00 1,135.00
1,135.00
0.00
0.00%
CRUDE OIL - WTI 68.78 69.26
68.08
0.09
0.13%
SUGAR #11 WORLD 14.81 15.17
14.81
-0.18
-1.20%

Chart of the Day


Latest News
July 04, 2026 at 11:12 PM GMT+05:00

HBL's RMB trade volume grows over 20% YoY


July 04, 2026 at 01:25 PM GMT+05:00

Weekly Market Roundup


July 04, 2026 at 01:21 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


July 04, 2026 at 12:29 PM GMT+05:00

SECP eases rules for Apna Ghar loans


July 04, 2026 at 11:56 AM GMT+05:00

SECP, PSX hold broker compliance webinar



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg