Karachi: K-Electric (KE) advanced its renewable energy initiative with regulatory hearings at the National Electric Power Regulatory Authority (NEPRA) for two large-scale solar projects. The projects, located at Deh Metha Gar and Deh Halkani, collectively add 270 megawatts to KE's power generation portfolio, contributing to its goal of integrating 1,300 megawatts of renewable energy by 2030.

The Deh Metha Gar project, contributing 150 megawatts, and the Deh Halkani project, adding 120 megawatts, have attracted the lowest tariff bids at PKR 9.8 per unit from Kot Addu Power Company Limited (KAPCO). These projects are projected to save PKR 3.412 billion annually and PKR 86.897 billion over 25 years. KE submitted auction evaluation reports for these projects, leading to today's hearings.

NEPRA's approval in 2024 allowed KE to initiate a competitive bidding process for renewable energy projects, setting a precedent in the industry. KE's renewable energy initiative, encompassing 640 megawatts, is expected to save PKR 12 billion annually as it replaces costly fuel sources.

Moonis Alvi, CEO of K-Electric, emphasized the projects' importance. Alvi stated, "These projects have enabled KE to set up a new precedent for cost-effective renewable energy in Pakistan. The transparent, competitive bidding process underscores KE's commitment to affordable clean energy and reducing reliance on imported fuels."

Alvi added that KE anticipates NEPRA's regulatory approval to commence work on these sustainable energy projects, aiming to make clean energy accessible for all.

Previous hearings for KE's projects, including the 150 megawatt Winder and Bela projects in Balochistan and the 220 megawatt hybrid projects, took place in December 2024 and February 2025. Decisions on these projects are also pending.

KE's renewable portfolio includes 150 megawatts of solar projects in Balochistan and 270 megawatts in Sindh, along with a 220 megawatt hybrid project at Dhabeji, Sindh. These projects position KE at the forefront of auction-based renewable energy integration.

K-Electric, a public listed company, has been operational in Pakistan since 1913. After privatization in 2005, it became the sole vertically integrated power utility in Pakistan, serving Karachi and nearby areas. Majority shares are held by KES Power, a consortium of investors, while the Government of Pakistan and free float shares account for the rest.