K-Electric

K-Electric Company
Public
Industry
  • Electricity Generation, Transmission, Distribution
Founded September 1913 (1913-09)
Headquarters Karachi
Area served
 Karachi, Pakistan
Number of employees
 11,000 (as of June 2018)
Website www.ke.com.pk

K-Electric (KE) is a vertically integrated power 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.[1]

K-Electric supplies power to Pakistan's largest city and economic hub, Karachi, home to an estimated 15 million people (as of 2017). The company has a customer base of over 2.5 million, and 11,000 employees. K-Electric Ltd. engages in the generation, transmission, and distribution of electric energy to industrial, commercial, agricultural and residential areas that falls under its network. In 2018, the utility also initiated the process of distributed generation under a net metering program.

Timeline[2]

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 1.4 billion.

As of 2017, the Abraaj Group and Aljomaih/NIG have a 66.4% stake in K-Electric; the Government of Pakistan’s shareholding stands at 24.36%.

Sustainability

Over the past few years, K-Electric’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.[3]

K-Electric 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.[4]

K-Electric 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.[5]

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.[6]

See also

  • Electricity Sector in Pakistan
  • Husain, Khurram (2016-11-03). "K-Electric's turnaround". DAWN.COM. Retrieved 2016-11-06.

References

  1. ↑ http://www.ke.com.pk/en/article/ourcompany/whatwedo-1.html
  2. ↑ https://www.ke.com.pk/our-company/our-journey/
  3. ↑ https://www.ke.com.pk/our-company/our-achievements/
  4. ↑ https://www.ke.com.pk/#Sustainability
  5. ↑ http://www.pakistaneconomist.com/2018/01/22/press-releases-4-18/
  6. ↑ https://propakistani.pk/2017/11/22/k-electric-plant-pakistan-promotes-tree-plantation-karachi/
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