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KE in process of setting up new grids to manage power demand

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March 03, 2022 (MLN): To manage the projected growth in power demand and considering the surplus capacity scenario in the National Grid, K-Electric is in the process of setting up new grids and interconnection works which would enable the drawl of additional power from the National Grid in addition to 1100 MW currently being evacuated

In this regard, the process for setting up of new grid at 500kV level is in progress whereas the construction of new 220 kV Dhabeji Interconnection is in full swing, the company informed in its report issued to the bourse.

For the 500kV KKI grid and its associated Transmission line, land has been acquired and evaluation of bid is in process. Upon completion of these grids and interconnection works, KE will be able to import a total of up to 2,050 MW power from the National Grid which will enable KE to manage the demand in upcoming years alongside enhancing system reliability, the company said.

Further, to provide a reliable and sustainable power supply to its consumers, in addition to works for setting up of new grids and enhancing the capacity of interconnection points, during Jul-Dec 2021, KE enhanced its transmission capacity through the addition of 6 new power transformers. The addition and replacement of power transformers resulted in a net addition of 227 MVAS, taking the total transformation capacity to 6,763 MVAS. Also, overall system reliability has been enhanced by making 220kV NPQ grid LILO through 220kV KDA-Pipri circuit I & II and energization of new 132kV Queens Road-Old Town circuit-II

Alongside the aforementioned projects, enhancement in both, HIS and GIS grid stations through the addition of Power Transformers, 132kV bays and allied MV switchgear is being carried out. The project will cater to the upcoming load growth alongside managing the organic demand and industrial growth. Moreover, rehabilitation of transmission lines is underway to ensure reliable power evacuation in the 220kV ring, especially after the addition of the 900MW plant in the network. Furthermore, projects such as reconductoring of transmission lines and RTV coating of insulators with aims to improve system reliability, are being initiated.

On the financial front, during 6MFY22, key operational indicators of the company showed positive growth over the comparative period with a decrease in T&D losses by 1.9% points and an increase in units sent out by 2.4%. As a result, KE's gross profit increased by 11% over the same period last year.

However, the corresponding increase in net profit of the company could not be witnessed mainly due to an increase in impairment loss against trade debts amounting to Rs2.7 billion and exchange loss of Rs2.6 billion owing to the devaluation of the Pak Rupee. The increase in impairment loss against trade debts occurred as higher electricity prices coupled with general inflation adversely affected the customers' propensity to pay resulting in an increase in Exposure at Default and deterioration of future recovery projections.

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Posted on: 2022-03-03T11:08:40+05:00

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