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|Traded as||PSX: KEL|
|Chairman: Ikram-ul-Majeed Sehgal CEO: Syed Moonis Abdullah Alvi|
|Services||Electricity Generation, Transmission & Distribution|
Number of employees
|10,398 (as of June 2018)|
K-Electric (KE) is a vertically integrated investor-owned utility managing all three key stages – generation, transmission and distribution – of producing and delivering energy to consumers. KE is a Pakistani electric supply company, based in Karachi, Sindh, Pakistan.
KE supplies power to Pakistan's largest city and economic hub, Karachi, home to an estimated 22 million people (as of 2018). The company has a customer account base of over 2.5 million, and around 10,000 employees. KE engages in the generation, transmission, and distribution of electric energy to industrial, commercial, agricultural and residential areas that falls under its network. In January 2018, the utility also initiated the process of distributed generation under a net metering program. The network of KE has improved multiple folds over the course of many years: projects like Aerial Bundled Cabling (ABC) to improve secondary distribution system and reduce power thefts, TP-1000 transmission upgrade of the system by building numerous grid stations and expanding 1000 MVA in transmission and distribution infrastructure, collaborations with World Bank and IFC on network system improvement, generation fleet efficiency improvement by ISO 50001 energy management system certifications of KE Bin Qasim-II, Korangi Power Complex and S.I.T.E. Gas Turbine Power Stations, and energy efficiency and renewable programs for KE consumers, including energy audits, power factor improvement surveys, solar consultancy and outreach and awareness programs.
In 1913, the Karachi Electric Supply Corporation (KESC) was formed to meet the power needs of a small port town called Karachi, incorporated under the now currently Companies Ordinance, 1984.
In 1952, The Government of Pakistan nationalized KESC in order to facilitate the much needed investment in its infrastructure.
In 2005, KESC was privatized, with the government retaining a stake of approximately 26%, while 71% was transferred to a foreign consortium.
In 2009, the new management, led by Abraaj Capital, took charge, beginning a turnaround story which has thus far seen investments of over USD 2.1 billion.
As of 2017, the Abraaj Group and Aljomaih/NIG have a 66.4% stake in KE; the Government of Pakistan’s shareholding stands at 24.36%.
Over the past few years, KE’s efforts have received formal commendation in the form of a number of awards and accolades. These reinforce the organization's determination to continue its progress towards meeting the power needs of Karachi in a sustainable manner.
KE believes in contributing to the health of the communities in which it operates, and maintains a wide range of CSR activities in order to help build a better society for all. KE facilitates communities in energy conservation, environmental protection, health, education, skill development, poverty reduction and other activities for socio-economic development. The company also conducts studies on the potential environmental and societal impact of its new projects, ensuring that KE initiatives act as a catalyst for positive change.
KE was a participant for the Energy Efficiency Day, celebrated on October 5th, both in 2017 and 2018. KE won the best project award in the category of ’Corporate Solar Sustainability Program of the year’ at the Middle East Solar Industry Association’s (MESIA) Solar Awards 2018 as part of World Future Energy Summit held in Abu Dhabi.
Plant For Pakistan
Under KE’s #PlantForPakistan initiative, renowned horticulturalist, Tofiq Pasha and KE employees enthusiastically plant trees across the city to green and clean Karachi. To date more than 100,000 trees have been planted by KE.
K-Electric announces 700MW Power Project at Port Qasim
On 29 April 2019, K-Electric has signed an agreement with the state-owned China Machinery Engineering Corporation (CMEC) for the development a state-of-the-art 700MW IPP based power project at Port Qasim, Karachi.
- Electricity Sector in Pakistan
- Husain, Khurram (3 November 2016). "K-Electric's turnaround". DAWN.COM. Retrieved 6 November 2016.
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- "K-Electric Plant for Pakistan Promotes Tree Plantation in Karachi". propakistani.pk.
- "K-Electric announces 700MW Power Project at Port Qasim". thenews.com.pk.