ISLAMABAD: Ok-Electrical (KE) continues to make strides in its renewable power transition, with the 220 MW Web site-Impartial Hybrid Challenge in Dhabeji, progressing by way of key regulatory levels.
The Nationwide Electrical Energy Regulatory Authority (NEPRA) held a listening to on Tuesday on Ok-Electrical ’s Bid Analysis Report (BER) for the venture, marking a major step in the direction of reworking the nation’s power panorama, stated a press launch.
The primary-of-its-kind solar-wind hybrid venture in Pakistan has attracted the nation’s lowest tariff bid at 3.09 cents/kWh, submitted by JCM Energy, a Canadian agency.
The venture is ready to draw $200 million in international funding, reinforcing worldwide confidence in KE’s renewable initiatives and Pakistan’s clear power potential.
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Following NEPRA’s approval earlier 2024, Ok-Electrical launched the business’s first aggressive bidding course of for its renewable power initiatives.
A listening to on this regard was held in December 2024 for the Bid Analysis Report (BER) of the 150 MW Winder and Bela initiatives in Balochistan.
Collectively KE’s renewable power initiatives kind a part of a 640 MW inexperienced power initiative, representing the preliminary section of KE’s long-term plan so as to add 1,300 MW of sustainable power to its era combine. This milestone aligns with KE’s broader renewable power technique, which targets 30% renewable integration into its portfolio by 2030.
Moonis Alvi, CEO KE, highlighted the importance of the venture, stating: “The 220 MW hybrid solar-wind venture is a transformative step in KE’s renewable power journey, reinforcing our dedication to a cleaner, extra resilient power future.
By securing Pakistan’s lowest tariff bid and attracting vital international funding, this venture emphasizes our dedication to addressing the power trilemma and truly fizzling out our reliance on imported fuels.
We respect NEPRA’s assist on this course of and stay up for a choice which can allow the well timed execution of this landmark venture.
This initiative is not only about including renewable capability; it’s about delivering long-term financial and environmental advantages to our prospects.
By integrating cleaner power sources, we intention to contribute to Pakistan’s broader sustainability targets and stay dedicated to working alongside our key stakeholders to drive the nation’s power transition ahead.”
With projected annual financial savings of Rs7.05 billion and a international change discount of practically $40 million, the 220 MW Dhabeji hybrid venture will considerably contribute to financial and environmental sustainability.
It’s anticipated to chop carbon emissions by 298,000 tonnes yearly, reinforcing KE’s position as a key driver of Pakistan’s inexperienced power transition.
KE stays engaged with the regulator and different stakeholders to make sure the profitable execution of this venture which can speed up Pakistan’s power transition and safe an inexpensive and sustainable future for Karachi’s prospects.