Karachi—K Electric has claimed that the energy supplied by K-Electric in terms of units has increased by 5.1% during the year ended 30 June 2015 as compared to the previous year ended 30 June 2014.
The utility provider shared that KE supplied 16,111 million units (Gwh) during the year ended 30 June 2015 as compared to 15,332 million units (Gwh) during the previous year ended 30 June 2014.
KE further highlighted that a growth of 3.8% was also witnessed during the nine months period ended 31st March 2016 as compared to the corresponding period ending 31st March 2015. This growth was made possible due to addition of steam turbine at CCPP Korangi and through enhanced maintenance of existing fleet. Through various measures, KE has been able to increase efficiency, availability and reliability of supply.
K-Electric spokesperson shared, “We have invested over USD 1.2 billion in our generation capacity, transmission networks and distribution services since 2009. Over the next 5 to 6 years we plan to invest another $2.2 Billion USD to further enhance our infrastructure as part of our aspiration to become a net exporter of electricity by 2020.”
Despite the challenging environment in which KE operates, the company has added 1,037 MW in the past six years and recently commenced work on $400mn Transmission upgrade project. Upcoming initiatives include a 700MW coal-based power project at Port Qasim to diversify the fuel mix. This press statement may also be taken as contra to some recent report on the subject, where the correct facts have been mentioned above.