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Governor Sindh visits K-Electric’s BQPS-iii power plant, reviews swift progress of unit one

02:20 PM | 5 May, 2021
Governor Sindh visits K-Electric’s BQPS-iii power plant, reviews swift progress of unit one

KARACHI – Governor Sindh Imran Ismail visited K-Electric's Bin Qasim Power Station-III (BQPS-III) project to review the progress on the latest addition to Karachi's power network. The visit followed a meeting between KE's Senior Leadership and Governor Sindh where KE presented an update on the company's preparedness for Ramadan and the 2021 summer season.

BQPS-III is a USD 650 million project which will be adding 900 MW of generation capacity to KE's existing network. This mega-project is progressing on the back of close collaboration between leading engineering firms who are partnering with KE to achieve a shared vision of empowering Karachi.

Work is progressing swiftly, and the first unit of 450 MW is over 70% complete and is expected to come online in the next 5 to 6 weeks. The high-efficiency plant will be utilizing RLNG as its primary fuel source. Not only is this expected to reduce the carbon footprint, but the inclusion of RLNG will also further diversify the company's fuel mix and bring savings by lowering import costs for the government by eliminating the need for furnace oil.
KE officials were joined by senior representatives from Siemens, SSGC, and PLL, who apprised the Governor of the progress on the construction of a spur pipeline which will be supplying 150mmcfd of gas to BQPS-III, which is keeping pace with the plant's progress and is also over 90% complete.

The underlying Gas Supply Agreement between SSGC and PLL is also in advanced stages and is expected to be finalized as soon as necessary approvals are received from the Government, ensuring an adequate supply of fuel to energize the plant.
Commenting on his visit, Governor Imran Ismail said, “The sincerity of the Government of Pakistan is evident in the support they have extended to KE, and I am pleased to see that Sehr and Iftar times during this Ramadan are exempt from load-shed as a result. I’m monitoring the situation daily to ensure that the best possible facilitation is given to the citizens of Karachi.

Seeing the scale and progress of work and the commitment with which KE is working, I feel positive for the future of the city. KE’s management and representatives from Siemens, SSGC, and PLL have assured me that they are working to complete the project on time, and I have instructed them to resolve any bottlenecks that may affect the energization of the plant which is expected to be inaugurated by the Honorable Prime Minister. In this process, I have also assured them of my fullest support from my office and from the Government of Pakistan.”

CEO K-Electric, Moonis Alvi said, “We’re grateful to Governor Imran Ismail sahab and our partners at Siemens, SSGC, and PLL for visiting BQPS-III today. The timely execution of this project is critical to meet Karachi’s future demand, and we are all working around the clock to ensure the same. I also want to commend the Government of Pakistan for their support to KE and Karachi, especially during Ramadan which has enabled us to fully support Karachi’s power requirements. We look forward to this support in the summer months as well. Without their assistance and collaboration, it would not be possible for us to realize this dream for Karachi.”
 
Speaking with the media during his visit to the under-construction BQPS-III site, Mr. Imran Maniar, Managing Director Sui Southern Gas Company Limited (SSGCL) said, “It is very important for us to work together with KE which is also our largest customer. Timely energization of this plant is necessary and we are working with KE to ensure their RLNG requirement is met. SSGC is pleased to be playing its role in this process.”

Daily Pakistan Global Web Desk

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 2 March 2024

Pakistani rupee remains largely stable against USD and other currencies in the open market on March 2, 2024 (Saturday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 302.5 for buying and 305.5 for selling while British Pound rate stands at 354 for buying, and 359 for selling.

UAE Dirham AED hovers at 76.3 whereas the Saudi Riyal saw slight increase, with new rates at 74.5.

Today’s currency exchange rates in Pakistan – March 2, 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 302.5 305.5
UK Pound Sterling GBP 354 359
U.A.E Dirham AED 76.3 77
Saudi Riyal SAR 74.5 75.3
Australian Dollar AUD 181 183
Bahrain Dinar BHD 737.97 745.97
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.23 40.63
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 901.62 910.62
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 168.97 170.97
Norwegians Krone NOK 26.54 26.84
Omani Riyal OMR 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 27.13 27.43
Swedish Korona SEK 314.07 316.57
Swiss Franc CHF 314.07 316.57
Thai Bhat THB 7.74 7.89

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