Karachi, October 23, 2025: K-Electric CEO Moonis Alvi stressed that the decisions issued by National Electric Power Regulatory Authority (NEPRA) concerning the company’s Multi-Year Tariff (MYT) determinations for the control period of FY’24 – FY’30 will have financial implications for the company that will trickle down to its operations. However, he resolved that KE will pursue the route that would be the best possible one for the people of Karachi.
He added that NEPRA has made significant changes and reductions in K-Electric’s approved Multi-Year Tariff, even though the MYT announced in May this year came after two and a half years of public hearings and deliberations with input of all stakeholders.
“Such a reversal after a detailed two-and-a-half-year consultation and analysis is unusual and could impact the company’s investment, planning, and long-term sustainability.”
He said that K-Electric is carefully reviewing the implications of the revised decision to assess how operations can be sustained effectively while minimising any potential impact on consumers. “Our management is making every effort to ensure customers are not affected; however, some indirect impact may occur, and every possible step is being taken to minimize them.”
Mr. Alvi confirmed that the company’s Board of Directors has been briefed on the revised decision, and discussions are ongoing to determine the future course of action.
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 power utility in Pakistan supplying electricity to Karachi and its adjoining areas. The majority shares (66.4%) of the Company are owned by KES Power, a consortium of investors including Al-Jomaih Power Limited of Saudi Arabia, National Industries Group (Holding) of Kuwait, and KE Holdings (Formerly: Infrastructure and Growth Capital Fund or IGCF). The Government of Pakistan is also a shareholder (24.36%) in the Company while the remaining are listed as free float shares.