K-Electric Dhabeji Hybrid Park — Wind + Solar
A landmark up to 240 MW wind + solar hybrid project in Sindh designed to deliver clean, reliable power through a long-term offtake framework.
BCEM is part of a consortium developing a landmark wind + solar PV hybrid project for K-Electric, designed to deliver large-scale clean energy with improved reliability through diversified generation.
This project reflects BCEM’s growth strategy: scale into utility-scale infrastructure, partner with experienced developers, and structure bankable projects that strengthen Pakistan’s clean energy transition.
Overview
The Dhabeji Hybrid Park is planned within a 50 km radius of the Dhabeji grid station in Sindh, located in the Jhimpir wind corridor on an escarpment with strong wind and solar resource. The hybrid configuration combines wind and solar to improve generation profile and overall delivery stability.
Technical specifications
- Technology: Wind + Solar PV
- Wind capacity: 175 MW
- Solar capacity: 65 MW / 95 MWp
- Total capacity: 240 MW / 270 MWp
- Annual generation: 884 GWh p.a. (P50 solar / P75 wind)
- Grid connection: 220 kV Dhabeji Substation
Development and ownership structure
The project is being developed through a dedicated SPV under a consortium comprising:
- JCM Power Corporation (JCM)
- Burj Energy International Management Limited (BEIML)
- Rana Nasim Ahmed (RNA)
BCEM’s participation is part of the broader Burj Group allocation, with investment structured to be distributed among group companies including the Modaraba.
Commercial and delivery model
The project was submitted in response to K-Electric’s RFP and announced as the lowest tariff bid in the financial proposal opening:
- Tariff: PKR 8.9189/kWh (≈ USD 3.09c/kWh)
The indicative timeline to Financial Close is ~1 year from bid award, followed by a focused construction phase.
Land and site control
Site control is supported through a lease arrangement with the Government of Sindh, aligned to long-term project development needs and grid connectivity requirements.
Indicative project parameters
- Total project cost: ~USD 235.5 million
- Financing mix: 80% debt / 20% equity
- Debt: ~USD 188.4 million
- Equity: ~USD 47.1 million
- Expected Financial Close: Q4 2025 (indicative)
- Construction timeline: ~15 months (indicative)
Why this project matters
Hybrid projects improve portfolio resilience by combining complementary generation sources. For the grid and the offtaker, this can mean:
- A more balanced generation profile compared to single-technology projects
- Stronger utilization of transmission infrastructure
- Higher reliability and predictability at scale
- Meaningful emissions avoidance through clean energy displacement
What’s next
As the project progresses through development milestones, BCEM’s focus remains on disciplined execution, bankable structuring, and long-term operational readiness—supporting scalable growth in utility-scale renewables.
