Karachi, January 30, 2025: K-Electric (KE) CEO Moonis Alvi met with the Asian Development Bank’s (ADB) private sector operations team, led by Deputy Director General Cathy Marsh, to explore areas of mutual cooperation and investment in Karachi’s power sector.
Discussions focused on KE’s ambitious $2.0 billion investment plan aimed at strengthening the city’s power infrastructure, with ADB’s potential role as a financer being a key area of interest. The engagement reinforced KE’s commitment to sustainable growth and ensuring a reliable power supply for Karachi.
The meeting also covered the ongoing Multi-Year Tariff (MYT) process, with KE expecting a decision soon. The recent determination of the generation tariff marks a significant step forward, signaling progress toward a stable regulatory framework. Both sides emphasized the importance of a sustainable transmission and distribution tariff framework to ensure KE’s long-term financial stability and its ability to continue investing in Karachi’s energy future.
KE remains committed to working with key stakeholders, including development finance institutions, to enhance Karachi’s power network and drive economic progress.