August 10, 2021 (MLN): The first of its kind gas supply agreement (GSA) between K-Electric Limited and Pakistan LNG Ltd has been signed, said Hammad Azhar.
Making an announcement on his Twitter handle, Minister for Energy said, “This is for the supply of 150 mmcft LNG to K-Electric. The benefits include an enhanced power supply to Karachi.”
The signing ceremony took place at the Petroleum House in the presence of senior management from both organizations. Senior officials from the Government of Pakistan and both the companies were also present on the occasion.
Special Assistant to Prime Minister on Power and Petroleum Tabish Gauhar was also present at this signing ceremony.
The Minister also lauded both organizations on this milestone, calling it “a step in the right direction for the future of Karachi and a positive move for both KE and PLL which ensures the interests of both parties as well as Karachi.”
BQPS-III is KE's flagship project valued at over USD 600 million and will add 900 MW to KE's generation supply and meet Karachi's growing power demands. Speaking on the occasion CEO KE Moonis Alvi said, “this is a great occasion and I'd like to thank the Honorable Minister and the Ministry of Energy for their support and commitment to Karachi. Work on BQPS-III is progressing swiftly and this is the fastest commissioning of a project in recent times. The addition of this plant will go a long way in supporting Karachi's continued socio-economic growth,” said the press release.
CEO PLL, Masood Nabi said, “this will remain as a key moment in the public-private collaborative efforts towards the country’s sustained growth.”
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