Daily Times

KARACHI: K-Electric has initialled a 25-year energy purchase agreement (EPA) for the 50MW solar power project with Oursun Pakistan Limited (OSPL).

The agreement was signed by K-Electric Chief Generation and Transmission Officer Dale Sinkler and OSPL Chief Executive Officer Nadeem Babar during a ceremony held at the KE House.

Being developed at Gharo the solar photovoltaic (PV) project spreads over an area of 144 acres and is expected to commence commercial operations by first quarter of 2018.

According to a KE spokesperson, “Our collaboration with Oursun Pakistan is in line with our commitment to diversifying our power generation pool and subsequently passing on the positive impact to end-consumers. The project also underlines our vision to add environment-friendly and cost-effective means of power generation.”

Meanwhile, an Oursun spokesperson said, “PV solar power generation is environment-friendly and will be a good mix of the overall power generation capacity of K-Electric. The project is being established to exclusively provide renewable energy to K-Electric consumers.”

K-Electric is committed to ensure provision of affordable and reliable energy solutions to its consumers; since 2009 the utility has invested $1.2 billion and added 1,037 megawatt to its generation capacity. The continuous stream of investment from KE has further strengthened the power infrastructure and reinforces its long-term commitment to serve the people of Karachi.