KARACHI: K-Electric has announced on Friday development of a high efficiency 225MW combined-cycle LNG fired power plant at Port Qasim in Karachi.

A press statement released by the company said that two memorandum of understandings (MoUs) have been signed with Engro Corporation Limited to increase power supply to the port city.

By introducing LNG in the fuel mix, it would achieve fuel diversity and enhance power availability in a relatively shorter period of time, the statement said.

The LNG terminal would be developed by Elengy Terminal Pakistan Limited (ETPL).

Engro Corporation Limited is the lead developer of the project and would likely engage General Electric (GE) for investment and to provide assistance in technology.