News

KE to spend Rs. 26 billion to upgrade Karachi’s infrastructure and stop loadshedding (hopefully)

K-Electric (KE) has allocated an amount of Rs. 26 billion to upgrade the infrastructure of Karachi to reduce the number of disruptions in the city especially due to the rain. The amount has been approved by the directors of the company.

Sources say that an amount of Rs. 9.5 billion will be spent on rain mitigation measures which will be done in multiple phases over the next few years. Rs. 1.5 billion alone will be spent in 2021 for this purpose. The company has said that it has already commenced the renovation work in some areas to provide reliable and safe electricity to the city of Karachi and its surrounding areas.

KE said in a statement, “K-Electric is pursuing an aggressive distribution investment plan. These measures include raising the foundation of distribution infrastructure, waterproofing of highlighted substations and replacement of equipment and cables and increasing the capacity to augment the dewatering efforts made by civic agencies particularly in areas prone to waterlogging.”

KE also has an investment plan worth $2 billion which will be spent to upgrade Karachi’s energy value chain over the next 3 years. It also includes the establishment of a 900MW RLNG-fired power plant and downstream transmission and distribution upgrades.

Sponsored
Talha Ikram

Share
Published by
Talha Ikram
Tags: K-Electric

Recent Posts

First AI-Powered Teacher Launched in Pakistan’s Private School

Karachi: A private school in Karachi has unveiled Pakistan’s first AI-powered teacher, a groundbreaking move…

60 mins ago

Yahoo Surprises Users with Its Latest Android Launcher

Third-party apps have long been a staple of the Android ecosystem, but their appeal has…

2 hours ago

Phase-II Review of PTCL-Telenor Deal Finalized by CCP

ISLAMABAD: The Competition Commission of Pakistan (CCP) has completed its Phase-II review of Pakistan Telecommunication…

2 hours ago

Xiaomi’s SU7 Achieves New Production Record, Driving Q3 Growth

Xiaomi has shattered records by producing 100,000 vehicles in just 230 days. This is nearly…

4 hours ago

Teachers Can Now Access OpenAI’s Free AI Course

OpenAI, in collaboration with nonprofit organization Common Sense Media, announced on Wednesday the launch of…

5 hours ago

WhatsApp-Inspired Updates Under Testing in Google Messages

Google is exploring a revamped image-sharing interface in its Messages app, taking cues from WhatsApp…

5 hours ago