24 November 2022, Karachi: A meeting was held at Commissioner Karachi office inviting CEO KE and team as well as the Government of Sindh’s Secretary Transport to discuss how to push the BRT project on fast track basis yesterday, where the Government of Sindh representatives and Commissioner Karachi assured their complete support to the utility. Both the teams discussed and agreed upon the technical and financial modalities of the project as well. Mr. Muhammad Iqbal Memon – Commissioner Karachi hosted while Mr. Mushtaq Sheikh – Additional Secretary Transport, and Capt. (R) Altaf Hussain Sario – MD Sindh Mass Transit Authority, and Mr. Moonis Abdullah Alvi – CEO K-Electric and Mr. Amer Zia – Chief Distribution Officer were also present along with their teams.
During the meeting that occurred in a cordial environment, CEO K-Electric also shared the efforts made by the utility to bring the BRT Line project operational at its earliest.
On this occasion, Syed Moonis Abdullah Alvi said, “K-Electric has been a part of this great city for over a century, and we are deeply embedded in its very fabric. We are committed to Karachi and will go to any length to support its infrastructural upgradation. BRT Line is an excellent project that will not only assist the citizens of this city in mass transit but will also reduce the load on roads, making it easier for utilities operating in the city to reach out to its consumers quickly. We are committed to supporting the completion of the project within it’s deadline and are making all efforts to achieve this goal while liaising closely with relevant government stakeholders.”
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.