Karachi, April 15, 2025: K-Electric (KE) took another step in its renewable energy roadmap with regulatory hearings held today at NEPRA on two of its utility-scale solar projects—150 MW at Deh Metha Gar and 120 MW at Deh Halkani. Together, these projects mark significant progress towards KE’s aim of adding 1,300 MW of renewable energy to its generation portfolio by 2030.
The 150 MW Deh Metha Gar and 120 MW Deh Halkani project attracted the lowest tariff bids of PKR 9.8 per unit (approximately 3.4 US cents) from Kot Addu Power Company Limited (KAPCO). Projected annual savings of PKR 3.412 billion annually and PKR 86.897 billion over a period of 25 years are expected from these projects. KE submitted auction evaluation reports for both these projects leading to the hearing held today.
Following NEPRA’s approval earlier in 2024, KE launched the industry’s first competitive bidding process for its renewable energy projects. Together, KE’s renewable energy projects form part of the 640 MW green energy initiative, resulting in savings of PKR 12 billion annually replacing expensive fuels.
Moonis Alvi, CEO KE, highlighted the significance of the projects. “These projects have enabled KE to set up a new precedent for cost-effective renewable energy in Pakistan. This transparent, competitive bidding process not only underscored KE’s commitment to securing the best possible rates but also highlighted how far the company has come in driving transition to a cleaner, more affordable energy future. These projects emphasize our dedication to addressing the energy trilemma and tapering off our reliance on imported fuels.
“To make these projects a reality, we look forward to NEPRA completing its regulatory scrutiny and giving the go ahead to start work on a sustainable future where clean energy is affordable for all,” he added.
Hearings for 150 MW Winder and Bela projects in Balochistan, and 220 MW hybrid (wind and solar) projects were conducted in December 2024 and February 2025, respectively, decisions of which are also awaited.
KE’s renewable projects, totaling 640 MW, include 150 MW solar projects in Balochistan (50 MW at Winder and 100 MW at Bela), 270 MW in Sindh (120 MW at Deh Halkani and 150 MW at Deh Metha Gar). In addition, a 220 MW hybrid (solar and wind) project at Dhabeji, Sindh, was also part of the bidding capacity, further solidifying KE’s position in pioneering auction-based induction of renewable energy.
ABOUT K-ELECTRIC:
K-Electric (KE) is a public listed company incorporated in Pakistan in 1913 as KESC. Privatized in 2005, KE is the only vertically integrated power utility in Pakistan supplying electricity to Karachi and its adjoining areas. The majority shares (66.4%) of the Company are owned by KES Power, a consortium of investors including Al-Jomaih Power Limited of Saudi Arabia, National Industries Group (Holding), Kuwait, and the Infrastructure and Growth Capital Fund (IGCF). The Government of Pakistan is also a shareholder (24.36%) in the Company while the remaining are listed as free float shares.
