Transactions - JULY 11, 2017

K-Electric to build $1b plant in Pakistan

by Andrea Waitrovich

K-Electric has unveiled plans for the development of a 900-megawatt power project that will significantly increase generation capacity and play a critical role in further supporting the energy needs of Karachi, Pakistan’s largest city.

A statement said that the 900-megawatt Bin Qasim Power Station III will be built at K-Electric’s Bin Qasim site at an estimated cost of $1 billion and includes simultaneous upgrades to associated transmission infrastructure.

Shanghai Electric Power, as a potential incoming investor, expressed complete confidence in the project and fully endorses K-Electric’s vision for Karachi’s transformation.
Shanghai Electric Power issued a public announcement of its intention to acquire up to 66.4 percent of the shares of K-Electric.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy