Kapco submits lowest bid for KE’s 120MW solar project

KARACHI: Kot Addu Power Company Limited (Kapco) has emerged as the lowest bidder for K-Electric’s (KE) proposed 120MW solar power project in Deh Halkani, District West, Karachi.

In a notice to the Pakistan Stock Exchange (PSX) on Tuesday, Kapco announced that it had submitted a competitive bid tariff of Rs9.8319 per kWh (3.4061 cents/kWh), based on the reference exchange rate of USD/PKR 288.65.

The bidding process, conducted by KE, followed the guidelines outlined in Nepra’s Electric Power Procurement Regulations, 2022.The formal award of the project is now contingent upon regulatory approval from Nepra, which will review the report of the Auction and Evaluation Committee prepared by K-Electric, the notice stated.