KAPCO submits lowest bid for 150MW K-Electric solar project

By MG News | October 25, 2024 at 04:47 PM GMT+05:00

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October 25, 2024 (MLN): Kot Addu Power Company Limited (PSX: KAPCO)’s bid for the proposed K-Electric solar project to be set up at Deh Metha Ghar, Sindh for 150 MW is the lowest bid, as stated by the company in a notice today.

The proposed bid tariff is Rs9.8319 per kWh (3.4061 cents per kWh at the reference exchange rate of USD/PKR 288.65).

The competitive bidding for the Project was carried out by K-Electric under the NEPRA (Electric Power Procurement Regulations), 2022.

The formal award for the Project to the company will be subject to approval from NEPRA based on the Report of Auction and Evaluation Committee of K-Electric.

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