K-Electric (also known as KE) is a Pakistani vertically integrated electric-energy corporation involved in generating, transmitting, and distributing electrical power to over 23 million inhabitants of Karachi, Sindh, Pakistan. It employs over 11,000 people and covers an area of 6,500 square kilometers with industrial, commercial, agricultural and residential areas falling under its network.
On 13 September 1913 Karachi Electric Supply Corporation (KESC) was incorporated under the now repealed Indian Companies Act, 1882 (currently Companies Ordinance, 1984). In 1952, the Government of Pakistan took control of the Company by acquiring majority shareholding of KESC. In 2005, the Government privatised K-Electric. In 2009, The Abraaj Capital, a leading private equity firm based in Dubai, bought the power utility for a significant equity stake in the company.
Abraaj Group fully controls KE via the holding company, KES Power Limited which holds 72.58% of its shares. The company is in process of being taken-over by Shanghai Electric for $1.77 billion.
As a part of its drive to enhance affordable electricity power generation capacity, KE has been working for setting up of coal-fired power plants up to 1000 MWs with Bright Eagle Enterprise Group Limited; a Hong Kong-based company sponsored by Chinese and Korean investors. These coal-based power plants from China would be established, commissioned and energized in Karachi on a fast track basis. Bright Eagle Enterprise is also collaborating for conversion of KE's 1,260 MW Bin Qasim Power Plant-I from residual fuel oil to coal under a Joint Development Agreement. KE is also actively pursuing Thar coal reserves based power generation under a Joint Development Agreement with Oracle Coalfields of UK and Sindh Carbon Energy to set up a coal mine mouth power plant.
Video K-Electric
See also
- Electricity sector in Pakistan
- List of electric supply companies in Pakistan
- List of dams and reservoirs in Pakistan
- List of power stations in Pakistan
- Satpara Dam
- Allai Khwar Hydropower Project
- Gomal Zam Dam
- Kunda System in Karachi
Maps K-Electric
References
[1] "K-ELECTRIC ANNUAL REPORT 2014" [2] "How to Check Bill Onlin"
External links
- K-Electric
Source of the article : Wikipedia
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