KESC, Bright Eagle sign MoU for power generation

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STAFF REPORT KHI:  The Karachi Electric Supply Company, as a part of its drive to enhance the affordable electricity power generation capacity, has signed a Memorandum of Understanding for setting up of coal power plants having generation capacity of up to 1000 MWs with Bright Eagle Enterprise Group Limited; a Hong Kong based company sponsored by Chinese and Korean investors.

According the agreement, coal-based power plants from China would be established, commissioned and energized in Karachi on a fast track basis.

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Syed Naveed Ahmad, Executive Director, KESC, and Chen Ping, Chairman of Bright Eagle Enterprises, signed the memorandum on behalf of their companies, in Hong Kong.

The Bright Eagle Enterprise, under a joint development agreement, is also collaborating for conversion of KESCs 1,260 MW Bin Qasim Power Plant-I from residual fuel oil to coal.

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KESC is also actively pursuing the Thar coal reserves-based power generation under a joint development agreement with the Oracle Coalfields of UK and Sindh Carbon Energy signed in June this year in order to set up a coal mine mouth power plant.

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