K-Electric signs $8m deal with Korean firms


KARACHI: K-Electric has entered into an agreement of worth $8 Million with LS Network and LS Cable and System Consortium from Korea in order to continuously upgrade its existing network.

A statement here on Tuesday said that as per this agreement, a new Double Circuit 220 Kv Transmission Line would be laid between Lalazar and Mauripur Grid Station up to ICI PLDP.

It said this would enhance the transmission network capacity and increase K-Electric system’s stability/reliability by completing 220 KV ring.

The signing ceremony was held at the KE House in Karachi between K-Electric’s Chief of Generation and Transmission Dale Sinkler, Korean Firm LS’s Global Business General Manager James Jang and Director Energy Global Gisu Kim.

K-Electric’s Head of Projects Bilal Mirza along with other senior KE representatives were also present at the signing ceremony.

K-Electric’s spokesperson said that the power utility is continuously investing in not only its existing network but it is investing in the future expansion projects.

This new underground Transmission Line would support our Transmission network and the consumers would reap benefits in days to come.