K-ELECTRIC’S SUSTAINABILITY REPORTING WINS AT CFA AWARDS
11 OCT 2023, KARACHI: The CFA Society Pakistan – a member of the CFA Institute – awarded K-Electric (KE) 2nd place in the ‘Best ESG Reporting Award of the Year 2022 – Corporates’ for the company’s exceptional performance in Environmental, Social, and Governance reporting standards. Winning the runner-up position in the ‘Best ESG Reporting Award […]
KE collaborates with Bank Alfalah for cashback to enable savings
October 10, 2023: Amid tough economic conditions, many citizens are facing a crunch in the payment of their utility bills. As a customer-centric organization committed to facilitating customers, KE has partnered with Bank Alfalah to offer a cashback facility on the payment of KE bills. The offer is valid from October 1, 2023 to November […]
KE MAINTAINS NO SIGNIFICANT CHANGE IN LOADSHED REGIME
71% of network remains exempt. October 01, 2023, KARACHI: KE maintains that there has been no significant change in the loadshedding regime for its service territory under the amended schedule published on the company’s website, which is effective immediately. This schedule follows KE’s review of its network of 2,000 feeders for electricity theft and non-payment […]
NEPRA’s Decisions on Government’s QTA Petitions To Apply on KE
KARACHI, 28TH SEPTEMBER 2023: NEPRA has issued its decisions on two petitions initiated by the Federal Government in respect of two quarters i.e. 1st and 4th Quarter of FY 23. Per Uniform Tariff Policy, these quarterly adjustments will be applicable to KE customers post notification by Federal Government. NEPRA and the Government of Pakistan legislates […]
Power Supply to Karachi Remained Stable Amid Rain
20 SEPTEMBER 2023, KARACHI: Power supply to Karachi remained stable amid yesterday’s rain spell. across Karachi. Per KE spokesperson, 1900 of 2000 feeders continued to provide uninterrupted power. Supply was temporarily suspended in some areas where presence of kundas posed a safety hazard in the weather conditions. KE teams and staff closely monitored the situation […]
Over 500 FIRs registered as KE intensifies action against power theft
Karachi, September 19, 2023: Continuing action against power theft in line with the nationwide crackdown, KE has registered 550 FIRs in police stations across the city against power theft estimated at 8.2 million units of electricity, amounting to PKR 418 million. Per reports, the top 20 cases alone account for 3.2 million units of the […]
Challenging sociopolitical and macroeconomic factors impaired KE’s profitability for FY23
September 15, 2023, KARACHI: The recently concluded fiscal year was significantly influenced by challenging sociopolitical and macroeconomic factors that have had a cascading impact on multiple sectors including KE. Surging inflation, policy rate hikes, rupee devaluation and a contraction in economic activity have cast a significant influence on the company’s operations and overall profitability. Compared […]
KE cracks down on power theft, lodges 196 FIRs
Karachi, September 13, 2023: Amid the Government of Pakistan’s directives and a nationwide focus on curbing power theft, K-Electric is also acting against power theft and lodged 196 FIRs in police stations across the city against theft of 2 million units and 123 million rupees. 1.5 million of these 2 million units are accounted for […]
KE combats power theft, conducts 14,000 drives this year
Karachi, September 8, 2023: Amid a nationwide focus on curbing the biggest deterrents of uninterrupted supply – electricity theft and non-payment of bills, KE shared that the company has successfully conducted almost 14,000 drives this year, equivalent to 1,800 per month, to remove 94,000 illegal hook connections, also known as kundas. The aggregate weight of […]
Federal Government files petition for Quarterly Adjustments for Karachi
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 […]