KE in collaboration with Saylani Welfare Trust Inaugurates Water Purification Plant
KARACHI, October 31: K-Electric (KE) in collaboration with Saylani Welfare International inaugurated a water filtration plant in Moach Goth, Baldia Town. Deputy Commissioner (DC) Kemari, Mukhtar Ali Abro and KE Chief Financial Officer (CFO) Aamir Ghaziani besides senior management and local dignitaries were present in the ceremony. In line with NEPRA’s vision of providing Power […]
Challenging Geopolitical And Macroeconomic Factors Affects KE’s Q1 Performance
Karachi, October 28th 2022: Challenging geopolitical and macroeconomic factors have had a cascading impact on multiple sectors including KE which grapples with immense challenges during the first quarter of FY23. Surging inflation, policy rate hike, reduction in economic activity and adverse exchange rate variations had a significant impact on the Company’s operations and profitability. The […]
K-Electric Holds 112th Annual General Meeting
Karachi, October 26th, 2022: K-Electric (KE) held its 112th Annual General Meeting (AGM) for FY 2022. The meeting was chaired by Moonis Alvi – Chief Executive Officer, KE who was authorized to chair this meeting by the Chairman of the Board Mark Skelton. The Chairman and KE Board members were in attendance virtually, while KE […]
Nepra Concludes Hearing On K-Electric’s Request For September’s Reduced Fuel Charges Adjustments (FCA)
Karachi, 25 October 2022: A public hearing was held today by the NEPRA Authority over the petition submitted by K-Electric for Fuel Charges Adjustments (FCA) for the month of September 2022. K-Electric filed a negative FCA petition for the month of September at a rate of PKR 4.622/kWh. Final approval on the FCA is subject […]
Roshni Baji: K-Electric (KE) Holds 2nd Graduation Ceremony
KARACHI 24 OCTOBER 2022: The second cohort of K-Electric’s flagship Roshni Baji program completed their graduation at KE’s DNA Auditorium. This batch of 60 women from across Karachi have spearheaded the company’s efforts to create safer communities. The Roshni Baji program was formally inaugurated in February 2021 with 40 women. Combined with the second cohort, […]
NEPRA Announced Decision on KE’s Petition of Quarterly Adjustments for April to June 2022
Karachi, October 24: Based on KE’s petition for Quarterly Adjustments for April to June 2022, NEPRA has determined Quarterly Tariff variation for the period applicable on the July 2022 to September 2022. NEPRA has announced PKR 12.6818 /kWh for the quarter. The determinations are in accordance with the mechanism given in KE’s Multi Year Tariff […]
NEPRA Approves pkr 4.89 Per Unit Reduction For Karachi Consumers For August 2022 Fuel Charges Adjustments (FCA)
October 14, 2022, Karachi: NEPRA has approved Fuel Charge Adjustments reduction of PKR 4.89/kWh for KE consumers for the month of August 2022. The decision and subsequent reduction to consumers will apply for the billing month of October 2022. Fuel Charge Adjustments (FCA) is an approved adjustment applied on bills for electricity consumers of KE […]
Power Supply To Karachi Stabilized Following Tripping In National Grid
Karachi : Power supply to Karachi was restored in a phase-wise manner following a tripping in the transmission lines of the National Grid on Thursday. It had affected multiple cities across Sindh, Balochistan and Southern Punjab. KE’s network after safely being disconnected from national grid, landed in island mode post which KE through its own […]
Sustained Investment, Holistic Approach, Driving Improvement In KE’s Performance
KARACHI 4th October 2022: KE’s improved operational performance was acknowledged in the State of the Industry report for FY21-22. The report which offers a detailed snapshot of the health of the power sector of Pakistan. The report, published annually by National Electric Power Regulatory Authority (NEPRA), also highlighted the longstanding issue of supply of low […]
Delays In Release Of Tariff Subsidy Continue To Strain KE Cashflows
KARACHI 30 September 2022: A continued bottleneck on the release of over PKR 380 billion in Tariff Differential Subsidy (TDS) claims is aggravating KE’s cashflow challenges. As of August 2022, the company’s receivables from various Federal and Provincial government entities stand at PKR 452.7 billion, of which the majority is in the form of TDS […]