Shanghai Electric Power announces $10 billion T&D; investment in Pakistan

• 7 years ago (2016-11-08)
• David Flin

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China’s Shanghai Electric Power, following its agreement with the Abraaj Group to buy a 66.4 per cent stake in K-Electric for $1.77 billion, has said that it will invest $10 billion in upgrading the transmission and distribution system. Shanghai Electric Power has taken charge of K-Electric, and is currently in the process of understanding the affairs of K-Electric.

An official said that once the formal handover of the management of K-Electric is complete, Shanghai Electric Power will start investing $10 billion in T&D;, in addition to improving the generation side. He said: “The investment will be made over the next seven years.” In addition, there will be a transfer of technology to K-Electric.

In previous years, K-Electric claims to have upgraded its installed generation capacity by adding over 1000 MW, with efficiency levels rising from 30.4 per cent in 2009 to 37.4 per cent in 2016. The company said that over the same period, it reduced T&D; losses by over 12 per cent. K-Electric added 12 new grid stations, improved existing power lines, and added new lines, resulting in increased transmission capacity of 768 MVA.