KARACHI: K-Electric (KE) continues to make strides in its renewable energy transition, with the 220 MW Site-Neutral Hybrid Project in Dhabeji, progressing through key regulatory stages.

National Electric Power Regulatory Authority (NEPRA) held a hearing on Tuesday on K- Electric’s Bid Evaluation Report (BER) for the project, marking a significant step towards transforming the country’s energy landscape, said a press release. The first-of-its-kind solar-wind hybrid project in Pakistan has attracted the country’s lowest tariff bid at 3.09 cents/kWh, submitted by JCM Power, a Canadian firm. The project is set to attract $200 million in foreign investment, reinforcing international confidence in KE’s renewable initiatives and Pakistan’s clean energy potential. Following NEPRA’s approval earlier 2024, K-Electric launched the industry’s first competitive bidding process for its renewable energy projects.