KARACHI: A spokesperson K-Electric stated, “As a private utility, KE has no contribution to circular debt, a fact that has been recognized by renowned global institutions.
Allowing legitimate claims will strengthen KE’s cash flows, enabling KE to accelerate planned infrastructure upgrades and deliver a more reliable power supply for its customers.“
The KE continues to actively engage with the regulator on this matter. K-Electric is a public listed company incorporated in Pakistan in 1913 as KESC.
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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), Kuwait and the Infrastructure and Growth Capital Fund (IGCF).
The government of Pakistan is also a shareholder (24.36%) in the company while the remaining are listed as free-float shares.
Copyright Business Recorder, 2025