Ensures 93 percent guaranteed power supply: 'Turkish power ship connected to Karachi Grid'

The Turkey-based Company KARKEY on Thursday said the world largest power ship has directly been connected to the Karachi Grid, which will ensure 93 percent guaranteed physical supply of electricity. According to details of the 'Mounted Power Project', prepared by Turkish investor for the government of Pakistan, the country will save over Rs 10 billion during the contract period of five years on account of power transmission and fuel transportation through Power Ship at Karachi.
The details show that the cost of electricity will be Rs 10 per kWh through the power ship project. According to break-up of financial savings, the transmission savings over the rental period of five years, will be over Rs 6.61 billion whereas savings on account of fuel transport will be over Rs 5 billion.
The National Transmission Dispatch Company (NTDC) losses range between 6 to 8 percent depending upon voltage level, transmission distance and transformation mechanisms. The Power ship is directly connected to the Karachi Grid, which will ensure 93 percent guaranteed physical supply of electricity. Ship-mounted Power Plants use seawater for cooling purposes; whereas the land-based plants use either ground water or the surface water for cooling purposes. Thus this ship-mounted power project will also conserve sweet water.
The project is the largest investment by a Turkish company in Pakistan. Keeping in view the global economic recession and specific conditions of Pakistan, it was not easy to bring investors to the country.. The Power ship project is entirely financed by International Banks, sources said.