KARACHI (Agencies): K-Electric (KE) has signed a Memorandum of Understanding (MoU) with PowerChina, Oracle Power, and the Government of Sindh (GOS) for the potential development of a 2×660 MW coal-fired power project based on Thar coal. The aim is to increase reliance on indigenous sources of energy production and provide affordable energy access to clients.
The signing ceremony was attended by KE representative CEO Moonis Alvi, Cheng Qiang from PowerChina, Secretary Energy Abu Bakar Ahmed from the Government of Sindh, and CEO Naheed Memon from Oracle Power.
Speaking on the occasion, Sindh Minister for Energy Imtiaz Shaikh stated, “Electricity is a fundamental driver of development and progress, and this collaboration is a big step in this direction. Once operational, this project will immensely benefit the entire province.”
The main objective of the MoU is to provide a collaborative framework for the partnering parties, setting the stage for the establishment of this ambitious power plant. CEO of KE, Moonis Alvi, also expressed his excitement, stating, “As a company, our ambition and initiatives are towards achieving net zero and addressing the energy trilemma, which balances reliability, affordability, and sustainability of energy supply.”
Earlier this year, KE also entered into an MOU with China Three Gorges South Asia Investment Limited (CTGSAIL) to collaborate on exploring renewable energy projects across the country.