September 26, 2019 (MLN): K-Electric has announced via notification to PSX that the Board of Directors of the company has approved award of EPC contract(s) to Siemens-Harbin consortium to establish 900 MW Combined Cycle Power Plant at Bin Qasim.
The estimated contract value would be around USD 425 million. The project will be executed on fast track and additional power will be available in summer 2021. Moreover, the plant would run through regasified liquefied natural gas (RLNG).
This project will positively contribute to bridge electricity demand-supply deficit in KE service area.
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