Islamabad, 4 September, 2023: K-Electric’s spokesperson clarified that the Power Division has filed the latest petition with NEPRA for quarterly tariff adjustments, in order to maintain equal rates of electricity charged to customers in their bills across the country. Pakistan’s power sector operates in a regulated environment and the taxes and charges in customer bills are determined by the Government. A formal notification explaining the changes and their application on bills will be issued after the hearing – scheduled for 11th September – is completed. These changes will apply on KE customers as per the governing laws and regulations.
About K-Electric
K-Electric (KE) is a public listed company incorporated in Pakistan in 1913 as KESC. Privatized in 2005 KE is the only vertically integrated utility in Pakistan supplying electricity within a 6500 square kilometers territory including Karachi and its adjoining areas. The majority shares (66.4%) of the company are listed in the PSX owned by KES Power, a consortium of investors including Aljomaih Power Limited of Saudi Arabia, National Industries Group (Holding), Kuwait, and the Infrastructure and Growth Capital Fund (IGCF). The Government of Pakistan is also a minority shareholder (24.36%) in the company.