Karachi: Korea’s Korean Electric Power Company (KEPCO) has proposed a significant step towards providing affordable solar energy to Karachi. KEPCO has offered to supply electricity to K-Electric at a competitive rate of Rs9.8 per unit, based on an exchange rate of Rs288.65 per US dollar. This translates to a cost of 3.4 cents per kilowatt-hour, making it an attractive option for the city’s energy needs.
The proposed solar project is set to be installed in Deh Halkani, located in Karachi’s South District. The initiative is poised to play a major role in advancing renewable energy in the city. However, the project is still awaiting final approval from Pakistan’s National Electric Power Regulatory Authority (NEPRA) before moving forward.
The collaboration between KEPCO and K-Electric is part of K-Electric’s broader plans to develop 640 MW of renewable energy projects in the coming years, aimed at reducing the city’s dependence on traditional fossil fuel-based power and promoting environmentally friendly solutions.
Once approved, the solar project in Deh Halkani will contribute significantly to Karachi’s energy supply, offering cleaner, more affordable electricity to residents. This initiative is in line with the growing global trend of transitioning towards sustainable and renewable energy sources.
KEPCO and K-Electric have expressed confidence in the project’s potential to meet Karachi’s increasing energy demands while reducing the environmental impact of energy generation.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
