During the last four years, the company had invested nearly $1bn in large scale projects in generation, transmission and distribution.
The latest investment aimed at cutting down power generation costs and building the requisite transmission would also help KESC to meet growing power demand within its service territory.
The project, which is slated to complete over the next 18-36 months, will be funded from the money arranged from local and foreign institutions in the form of both debt and equity.
KESC chief executive Tabish Gauhar highlighted the potential that Pakistan offers and investments the firm has made despite difficult operating environment.
"The new investment plan is just a reiteration of this belief and comes at a time when Pakistan is witnessing the dampening of investors’ sentiments, both local and foreign," Gauhar added.
In addition, the company will also carry out combined cycle projects at its three power plants at Korangi and SITE, as part of the proposed investment.
The additional projects will considerably enhance the efficiency of these plants and add further 47MW of generation capacity.
KESC also has plans to convert two of its oil-fired units of 210MW each at its Bin Qasim-I Power Station to coal, to reduce generation costs.
The utility has also designed a ‘Transmission Package’ to install new transformer bays, three new grid stations at strategic locations and expansion of six existing grid stations.
Plans are there to develop a bio-waste to energy project, which would convert organic food waste and cattle manure from Landhi Cattle Colony to generate 22MW of electricity.
