KE Makes the Biggest Leap Among Power Sector Companies After Rs. 40 Billion Investment
K Electric has made a handsome investment of around Rs. 40 billion across the company’s power value chain, the official statement said.
KE’s investment plan across all business verticals of generation, transmission and distribution has also been designed in view of these power needs which continue to grow, and the board decided once again to reinvest the profit earned back into the business.
Moonis Alvi, CEO, KE said;
As we continue towards our objective of ensuring reliable and safe power supply to Karachi and its surrounding areas, KE over the past decade – despite fiscal and other constraints owing particularly to rising government receivables – has invested over $2.4 billion across the energy value chain.
These investments have resulted in an addition of over 1,057 MW of efficient power generation capacity, improvement of overall fleet efficiency from 30% in FY 2009 to 37% in FY 2019, 16.8 percentage points reduction in Transmission and Distribution (T&D) losses (most by any Di..