K-Electric receives 15 bids for 150 MW solar project in Balochistan

MG News | August 02, 2024 at 12:12 PM GMT+05:00

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August 02, 2024 (MLN): K-Electric Limited (KEL) has received 15 bids for its inaugural renewable energy project: a 150 MW solar installation at Winder and Bela in Balochistan.

Aiming to harness 30% renewable energy solutions in its fleet by 2030, KEL initiated a competitive bidding process for multiple renewable energy projects earlier this year following a successful nod of approval from NEPRA.

This transparent approach is a testament to KE’s commitment towards sustainable energy solutions.

Over the next 5 years, KE aims to add a total of 1300 MW of renewable energy projects, furthering its commitment to sustainable energy solutions.

Syed Moonis Alvi, CEO of KE, expressed his enthusiasm about this development, stating, “Garnering 15 bids for the first cohort of the solar energy project is a huge milestone for KE as well as for Pakistan. It represents local and international players’ trust in KE as a brand, as well as growing confidence in Pakistan’s economic potential.

"These projects, along with our company’s future investment plans of almost USD 2 billion in transmission and distribution infrastructure, underscore our commitment to innovation and sustainable growth, ensuring reliable electricity for our customers,” he added.

KE extended invitations to reputable local and international companies with proven power project experience and sound financial standing to participate in the prequalification and bidding process of the projects.

A total of 15 number of bids were received for the first of the mega projects.

KEL accelerated its transformational journey by designing its portfolio to include wind and solar capacity to maximize energy yield.

In addition to the 150 MW solar project in Balochistan – for which the bidding is closed, a 270 MW project in Sindh, comprising 120 MW at Deh Halkani and 150 MW Deh Metha Ghar, in District West, Karachi, and a 220 MW hybrid (wind and solar) project at Dhabeji, Sindh, are at the bidding stage.

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