Bahria Town Karachi and K-Electric Signs Power Plant Agreement
Bahria Town and K-Electric signed an agreement on Saturday, which will add 500MW of electricity supply for Karachi.
According to the deal inked in UAE, KElectric will set up one coal based and one liquefied natural gas (LNG) based power plant in the metropolis and will supply uninterrupted power to Bahria Town Karachi.
Speaking exclusively from UAE, K-Electric’s spokesperson Usama Qureshiconfirmed that two agreements have been signed, which include setting up of a 300MW coal powered plant and a 200MW LNG powered plant, while the second agreement pertains to supplying uninterrupted power to Bahria Town Karachi.
Recently Pakistan’s biggest residential colony developers, Bahria Town entered the Karachi Market with five mega projects which include Pakistan’s tallest building – Bahria Icon Tower (69 stories), the biggest residential colony Bahria Town, which shall comprise of more than ten thousand acres of planned residential development, 24 storied Bahria Town Tower at Tariq Road, Houshang Pearl Tower (31 stories) and Opal 225, a 5-star hotel.
Bahria Town’s current planning of 5717 acres includes 30707 residential plots of 125 – 1000 yards, 10 Schools, 2 Hospitals & 14 Mosques on the Super Highway.
Bahria Town had initially planned for self-generation of power for these mega projects, but after formal discussions between Directorate of Distribution Strategy & Planning, K-Electric, Bahria Town Management and their electrical consultants, an agreement was reached to provide power to these projects through KE.
Speaking on the occasion Ex-Chairman & Founder of Bahria Town Malik Riaz said, “For the people of Karachi, LNG and coal powered plants will be setup and Karachi Bahria Town will receive uninterrupted power supply.”
Bahria Town’s Super Highway Project shall be the biggest single new connection application ever worked out by KE. The Utility Company will install big HT substations, LT network distribution expansion and a number of Grids – all of which shall be paid for by Bahria Town, and in return KE shall receive a large number of new consumers.
KE is working on all five projects’ power supply in a way that eliminates all possibility of power theft & loss, while providing them a composite solution for all their energy needs.