Karachi is poised to receive a boost in its energy sector, as KEPCO (Korean Electric Power Company) has proposed supplying electricity to K-Electric at a competitive rate of Rs9.8 per unit.

The initiative aims to address the city’s persistent electricity challenges, including high rates and frequent load shedding, particularly during the summer months.

The proposal, which is based on an exchange rate of Rs288.65 per US dollar, translates to a cost of 3.4 US cents per kilowatt-hour.

The solar energy project is planned for installation in Deh Halkani, located in Karachi’s South District, and is expected to offer significant relief to the city’s residents once it receives final approval from the National Electric Power Regulatory Authority (NEPRA).