Karachi September 23 2022: The first unit of K-Electric’s Bin Qasim Power Station 3 (BQPS-III) is currently offline following a fault identified during a test being conducted as part of the plant’s commissioning, according to company’s filing to the exchange.
This unit goes offline on 1st of August and was estimated to take 6-8 weeks according to representatives of the Siemens AG and Harbin Electric International.
While the plant is still under Test Run, the team of global experts has been tasked to resolve this on priority. There will be no financial implications on the Company pertaining to the repair of this fault as the plant is still under commissioning and under Project Contractors’ control. The power demand of the city is also being managed via alternate means.
The development arose during testing being performed by Siemens AG as part of the final stages of commissioning. Representatives from the Siemens AG and Harbin Electric International, the contractor’s consortium, immediately initiated assessment. While the plant is still under Test Run, we are closely monitoring the progress and have full confidence in the team of global experts tasked to resolve this on priority. Early assessment confirm that the fault is isolated to a section of gas turbine.
K-Electric (KE) is a public listed company incorporated in Pakistan in 1913 as KESC. Privatized in 2005 KE is the only vertically integrated utility in Pakistan supplying electricity within a 6500 km square territory including Karachi and its adjoining areas. The majority shares (66.4%) of the company are listed in the PSX owned by KES Power, a consortium of investors including Aljomaih Power Limited of Saudi Arabia, National Industries Group (Holding), Kuwait, and the Infrastructure and Growth Capital Fund (IGCF). The Government of Pakistan is also a minority shareholder (24.36%) in the company.