K-Electric on Tuesday announced the permanent closure of two gas-based power plants in the city, citing an ongoing gas crisis and challenges in fuel supply.
In a letter shared with its shareholders and the National Electric Power Regulatory Authority (NEPRA), KE Electric confirmed the shutdown of:
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Korangi Town Gas Turbine Power Station
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SITE Gas Turbine Power Station
The company’s board of directors formally approved the closure of both facilities.
Reliance on imported LNG fails
K-Electric explained in its communication that the move was driven by the continued unavailability of local natural gas and the high cost of imported liquefied natural gas (LNG).
The company acknowledged that its experiment of relying on imported LNG had failed to ensure sustainable operations.
