K-Electric Successfully Closes PKR 25 Billion Sukuk, the largest ever Sukuk issue in Pakistan’s private sector!
Karachi, August 10th, 2020: K-Electric (KE) is pleased to announce the successful closure of its PKR 25 billion Sukuk which is the largest Sukuk issue in the private sector of Pakistan. With oversubscription of IPO portion of Sukuk by almost 2.5 times, the power utility was able to close the Sukuk subscription on 3rd August […]
KE Highlights 451 Hazardous Locations; Urges City Administration to Resolve Water-logging Issues
Karachi, August 4th, 2020: K-Electric (KE) recently wrote to the City Commissioner, Mr. Iftikhar Shallwani, highlighting monsoon-caused challenges including water-logging and fallen trees that compromised utility service provision. The power utility emphasised that these issues resulted in extended outages in some areas due to electricity infrastructure being damaged or inaccessible and requested for administrative support […]
Segmented load-shed in line with National Power Policy: K-Electric
Karachi, July 25, 2020: K-Electric (KE) has reiterated that no unscheduled load-shed is being carried out in any part of the city. Segmented load-shed (SLS) which is in line with the National Power Policy 2013 to address the issue of pervasive power theft and load-management which is on account of power shortfall follow a schedule […]
KE Launches Safety Awareness Campaign
Karachi – July 17, 2020: K-Electric (KE) launches a wide-spread safety awareness campaign, ahead of a monsoon season that is predicted by the Pakistan Meteorological Department to be higher than last year. The power utility has reiterated the importance of collective and individual responsibility for public safety and has reissued the call to keep safe […]
Industrial Representatives visit KE Power Plant
Karachi, July 16th 2020: A delegation from Karachi Industrial Forum (KIF) comprising of Korangi Association of Trade and Industries (KATI), North Karachi Association of Trade and Industries (NKATI), Landhi Association of Trade & Industry (LATI), Federal B Area Association of Trade & Industry (FBATI), SITE Association of Trade & Industry (SATI), Bin Qasim Association of […]
KE Busts Karachi Power Supply Myths
Karachi, July 15th 2020: K-Electric hosted a press conference at its Office to allay the concerns of Karachi consumers around the power supply situation and address misinformation around various power-related issues. The conference which, was hosted by Chief Executive Officer (CEO) K-Electric, Moonis Alvi, Chief Financial Officer (CFO) Aamir Ghaziani and Chief Distribution Officer (CDO) […]
K-Electric is Committed to Industrial Growth and Karachi
K-Electric has been in close contact with the leading business associations and entities of Karachi since beginning of COVID-19 and resulting lockdown. KE representatives had these meetings to highlight the challenges on power supply situation in Karachi. The meetings were held with KIF, KATI, SITE, FBATI, SSHATI, NKATI and Pak Fisheries among others. The peak […]
K-Electric Moves Court to Direct Stakeholders into Action in Preparedness for Monsoons
Karachi, June 30, 2020: K-Electric has moved the Sindh High Court to expedite proceedings in a Constitutional Petition filed in October last year, in which K-Electric had initiated legal proceedings against the unauthorized use of electricity infrastructure by cable TV and Internet providers. The petition was filed as part of the power utility’s continuing campaign […]
K-Electric Board Expresses Concern about Power Situation on Account of Fuel Shortage
Karachi, June 26th, 2020: In the K-Electric Board Meeting held on June 25, the Board expressed serious concerns about the inconvenience suffered by KE’s valued customers due to frequent power outages resulting from KE’s inability to procure adequate fuel stock. The meeting was chaired by Mr. Riyadh S. A. A. Edrees, with other Board members […]
KE Advises Precaution during Summer
Karachi, June 22nd, 2020: In preparation for the dual seasonal spikes in temperatures and power demand, especially during the unprecedented COVID-19 crisis, K-Electric (KE) has implemented initiatives to strengthen its network whilst ensuring business continuity of key operations in light of the aggressive spread of the pandemic. Both these efforts are underpinned by a rigorous […]