Pakistan LNG to supply RLNG to K Electric
State-run Pakistan LNG on August 10 said it had signed an agreement to supply regasified LNG (RLNG) to private power utility K-Electric.
Pakistan LNG will supply 150mn ft3/day of RLNG to K Electric’s 900 MW gas-based power plant in Port Qasim near Karachi. This is the first agreement where RLNG is being directly supplied by a government entity to a private company in Pakistan, the company said.
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Pakistan LNG CEO Masood Nabi said, "this will remain as a key moment in the public-private collaborative efforts towards the country's sustained growth."
The Bin Qasim Power Station 3 at Port Qasim is K Electric’s flagship project valued at over $600mn and is expected to come online by end of this year. K Electric CEO Moonis Alvi said work on the plant is progressing swiftly and this is the fastest commissioning of a project in recent times.
“The addition of this plant will go a long way in supporting Karachi's continued growth,” Alvi said.