Aimed at facilitating Bin Qasim Industrial Park’s anticipated additional power requirement in view of the ongoing phase two development of the project, K-Electric and National Industrial Parks Development & Management Company (NIP) have signed a Memorandum of Understanding.
Through the memorandum, KE will develop a 64-megawatt grid and 132 kV transmission line, extendable as per future needs, at an initial tentative cost of $25 M.
On this occasion, Moonis Alvi, CEO, KE said, “We are committed to powering industrial growth and facilitate industrial customers; signing of this MoU is yet another testament of our efforts to accelerate socioeconomic development of Pakistan industrial hub Karachi. Industries are and will always remain our top priority and all possible measures would be taken to continue to facilitate industrial consumers – helping them unlock their full potential.”
Source: The News