Express ☺ your view, expression on this post, via Facebook comment in the below box… (do not forget to tick Also post on facebook option)

Thursday, September 27, 2018

$2 billion invested in power infrastructure since 2009: K-Electric CEO

K-Electric's Chief Executive Officer (CEO) Moonis Alvi Monday said that the power utility has invested some $ 2 billion in its power infrastructure since 2009. The investment, he said has resulted in addition of 1,057 megawatts to its system, strengthening of distribution network, increasing the transmission capacity along with deployment of several customer centric solutions.

He stated this while addressing the 3rd Financial Reform for Economic Development (FRED) Forum here at a local hotel. The event FRED III is led by the South Asian Federation of Accountant (SAFA) and hosted by the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost & Management Accountants of Pakistan (ICMA Pakistan).

While giving an overview of past challenges, he apprised the attendants that in 2009, KE was a troubled utility facing significant financial and operational bottlenecks with cash loss of around PKR 1 billion per month, inability to purchase fuel, accumulated losses of over PKR 50 billion as at June 30, 2008 and several outstanding sovereign & circular debt issues.

"Our initial efforts helped rehabilitate and turn the Bin Qasim power plant more efficient," Moonis said. "Then we brought online more plants while adding 1,057 megawatts to the system. We also added more grid stations and changed cables, including bringing in Aerial Bundle Cables to reduce tripping, distribution losses and power theft. It also helped to reduce load shedding."

Moonis further said that KE has so far not paid any dividend as the profits have been re-invested into the business. "This has resulted in exemption (from power outage) of 70 percent of Karachi including all industrial zones and strategic installations." KE executive said the continuous stream of investment from KE has further strengthened the power infrastructure and "reinforced its long-term commitment to serve the people of Karachi."

K-Electric meets energy demands of Karachi and some adjoining parts of Balochistan. Currently, KE's five plants in combined cycle have the installed generation capacity of 2,267 megawatts. The power utility has also established 30 customer care centers which, through one-window operation, offer solutions to the consumers in addition to operate an award-winning contact center.



Thanks for visiting our website. Like our FB pages and subscribe for daily updates; you can comment on the above post bellow ↓with your Google id or Facebook id – Thank you for your time..☺


Follow us on social media to get instent updates....

|Twitter| |Facebook| |Pinterst| ||

Send your news/prs to us at

Note: The views, comments and opinions expressed on this news story/article do not necessarily reflect the official policy or position of the management of the website. Companies, Political Parties, NGOs can send their PRs to us at

‎لطیفے اور شاعری‎
Facebook group · 8,142 members
Join Group
یہ گروپ آپ سب کے لئے ہے۔ پوسٹ کیجئے اور بحث کیجئے۔۔۔۔۔ اپنی آواز دوسروں تک پہنچائے۔۔۔اور ہاں گروپ کو بڑا کرنے کے لئے اپنے دوستوں کو بھی گروپ میں دعو...

All Categories

Aaj Kamran Khan ke Saath Aamir Liaquat Hussain Aapas ki Bat NajamSethi Abdul Qadir Hassan AchiBaatain Afghanistan Aga Khan University Hospital AirLineJobs Allama Iqbal America Amjad Islam Amjad Anjum Niaz Ansar Abbasi APP Aqwal Zareen Articles Ayat-e-Qurani Ayaz Amir Balochistan Balochistan Jobs Bank of Khyber Banking Best Quotes Biwi Jokes Blogger Tips Chaltay Chaltay by Shaheen Sehbai China Chitral Coca-Cola Coke Studio Columns CookingVideos Corporate News Corruption Crimes Dr Danish ARY Sawal Yeh Hai Dubai E-Books EBM Education Educational Jobs Emirates English #Quotes English Columns EnglishJokes Funny Photos Funny Talk Shows Funny Videos Gilgit-Baltistan Girls Videos Govt Jobs HabibJalibPoetry Hamid Mir Haroon Al-Rashid Hasb-e-Haal with Sohail Ahmed Hassan Nisar Hassan Nisar Meray Mutabaq Hazrat Ali AS Sayings HBL Health HikayatShaikhSaadi Hospital_Jobs Huawei Hum Sab Umeed Say Hain India Information Technology Insurance International News Islam Islamabad Islamic Videos JammuKashmir Javed Chaudhry Jazz Jirga with Salim Safi Jobs Jobs Available Jobs in Karachi Jobs in KPK Jobs in Pak Army Jobs_Sindh JobsInIslamabad Jokes Jubilee Insurance Kal Tak with Javed Chaudhry Karachi Kashmir KhabarNaak On Geo News Khanum Memorial Cancer Hospital Khara Sach With Mubashir Lucman Khyber Pakhtunkhwa Lahore Latest MobilePhones Lenovo LG Life Changing Stories LifeStyle Live With Dr. Shahid Masood Live with Talat Hussain Maulana Tariq Jameel MCB Bank Microsoft Mobilink Mujeed ur Rahman Shami Munir Ahmed Baloch Nasir Kazmi Nazir Naji News News Videos NGO Nokia North Korea Nusrat Javed Off The Record (Kashif Abbasi) Off The Record With Kashif Abbasi On The Front Kamran Shahid OPPO Orya Maqbool Jan Pakistan Pakistan Army Pakistan Super League Pashto Song Photos Poetry Political Videos Press Release Prime Time with Rana Mubashir PTCL Punjab Quetta Quotes Rauf Klasra Samsung Sar-e-Aam By Iqrar-ul-Hasan Sardar Jokes Saudi Arabia ShiroShairi Show Biz Sikander Hameed Lodhi Sindh Social Media Sohail Warriach Songs Sports News Stories Syria Takrar Express News Talat Hussain Talk Shows Technology Telecommunication Telenor To the point with Shahzeb Khanzada Tonight with Moeed Pirzada Turkey Tweets of the day Ufone University Jobs Urdu Ghazals Urdu News Urdu Poetry UrduLateefay Video Songs Videos ViVO Wardat SamaaTV WaridTel Wasi Shah Zong اردو خبریں
______________ ☺ _____________ _______________ ♥ ____________________