Shanghai Electric Power announces $10 billion T&D; investment in Pakistan
-
7 years ago (2016-11-08)
-
David Flin
Africa
306
Asia
860
Australasia
51
Biomass
8
Climate change
20
Coal
282
Cogeneration
1
Concentrating solar
5
Cyber security
8
Decarbonisation
1
Decentralised energy
5
Demand side management
2
Demand side response
2
Digitalisation
10
Distributed energy
10
Distribution
113
Electric vehicles EVs
4
Emissions
61
Energy management
1
Equipment
2
Europe
1069
Gas
379
Gas engine plant
62
Gas fuel
2
Horizon
2
Hydroelectric
17
Hydrogen
56
Hydropower
116
Latin America
77
Maintenance
3
Marine
1
Metering
2
microgrid
5
Middle East
317
North America
1004
Nuclear
643
Offshore wind
119
Oil
18
Operations
4
Policy
8
Regulations
3
Renewables
758
smart grid
2
Solar
250
Storage
41
substation
8
Tepco
2
Tidal
2
Toshiba
4
Transmission
181
US Senate Washington
4
Wind
241
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.
More info
Solar PV and Energy Storage World Expo 2024
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.