Sunday, July 7, 2024 10:50 AM
The power regulator approves K-Electric's plan to boost generation capacity through renewable sources, emphasizing environmental sustainability and regulatory compliance.
The power regulator has recently approved a comprehensive seven-year plan for K-Electric, a major power company in Pakistan. This plan focuses on increasing the company's generation capacity by approximately 3,200MW, with a strong emphasis on expanding through renewable energy sources such as solar and wind power.
As part of the plan, the power regulator has granted extensions to the power purchase agreements of Tapal and Gul Ahmed, two prominent companies in the region. However, these extensions are subject to the condition that the tariffs set and sanctioned by Nepra, the regulatory authority, will be strictly enforced for these specific projects.
This move marks a significant step towards enhancing the energy infrastructure in Pakistan and promoting the use of clean and sustainable energy sources. By increasing its generation capacity and focusing on renewables, K-Electric aims to contribute to the country's energy security and environmental sustainability.
The approval of K-Electric's seven-year plan by the power regulator signals a positive development in the energy sector of Pakistan. With a clear focus on renewable energy sources and adherence to regulatory guidelines, K-Electric is poised to play a key role in meeting the country's growing energy needs while also promoting environmental conservation.