K-Electric, CMEC to develop coal power project

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article image STAFF REPORT KHI: K-Electric (KE) has signed an agreement with China Machinery Engineering (CMEC) to set up a 700MW coal-fired power project in Pakistan.Apart from the two firms, China Datang Overseas Investment Company (CDTO) is also part of the joint development agreement, which is aimed at constructing a $1 billion power plant at Port Qasim. KE intends to boost its generation capacity with the project."This initiative is in line with KE’s vision of Karachi being a net exporter…Read More