Table of Contents

Government KE to Sign Agreement for Supplying 2,050 MW to Karachi

Islamabad: The government and K-Electric (KE) have agreed to sign a new Power Purchase Agreement (PPA) to supply Karachi with a total of 2,050 megawatts (MW). According to news sources, he planned to pay his utility bills through a Standby Letter of Credit (SBLC).

Read More: Budget 2021-22 to Be Presented Before NA in June’s First Week

Earlier, he had detailed a contract with a power company to supply the citizens of Karachi with 650 MW. In a related development, the government has pledged to sign another agreement requiring the Treasury to pay a market-based fee if subsidy payments are delayed.

In addition, KE will provide an SBLC backed escrow account to ensure that the Central Power Purchase Authority (CPPA) receives automatic payment of monthly bills related to his KE electricity supply. Outstanding liabilities and claims will be resolved through arbitration. 

Read More: Buzdar Gives Go-Ahead to Dam Project in DG Khan

The parties have decided to hold further meetings to clarify the details of the agreement and to address the parties’ concerns. Planning and Development Minister Asad Umar also confirmed that a long-standing dispute over debts and receivables has been resolved in order to advance power supply to Karachi citizens. 

Read More: Balochistan Cabinet Favors Insurance Plan for 1.8 Million Families

Please check out the Al Sadat Marketing website to find out what’s going on.

You can also invest in other famous and most in demand housing societies, such as , Blue World CityRudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom ValleyNew Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.

Al Sadat Marketing please contact 0331 1110005 or visit

Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart CitySilver City Islamabad, The Life ResidenciaFaisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.

Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.

Book Your Plot Now: +92 331 111 0005

Tags :

Share :

About Author
About Author

Syed Sadat Hussain Shah

Leave a Reply

Your email address will not be published. Required fields are marked *