Kot Addu Power Plant has informed PSX today that the Company’s bid for the proposed 150 MW K-Electric solar project to be set up at Deh Metha Ghar, Sindh (the “Project”) is the lowest bid at the proposed bid tariff of 9.8319 PKR/kWh (3.4061 Cents/kWh at the reference exchange rate for USD/PKR 288.65).

K-Electric carried out the competitive bidding for the Project under the NEPRA (Electric Power
Procurement Regulations), 2022. The formal award of the Project to the Company will be subject to approval from NEPRA based on the Report of K-Electric’s Auction and Evaluation Committee.