K-Electric Ltd.
PPSX:KEL5.63
PKR
-0.10
(-1.75%)
ISIN
PK0000501012
Return %
Stock
S&P 500
1Y
-9.34
14.20
3Y
72.70
81.12
5Y
65.10
68.34
Capital Structure
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Syed Muhammad Taha
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- Karachi Pakistan
- IPO Date
- May 25, 1994
- Website
- ke.com.pk
- Similar Companies
- Business
- K-Electric Limited operates as a vertically integrated electric power utility company in Pakistan. The company engages in the generation, transmission, distribution, and retail supply of electricity to residential, commercial, industrial, and agricultural consumers. It operates through three core business segments: Power Generation, Transmission, and Distribution and Supply. The company offers electric power generation from thermal and renewable sources; high-voltage electricity transmission services; medium- and low-voltage electricity distribution networks; advanced metering infrastructure and smart metering solutions; grid connection, transformer installation, and substation maintenance; billing, revenue collection, and customer care services; and energy conservation and demand-side management advisory services. K-Electric owns and operates thermal generation assets, including the Bin Qasim Power Station complexes, the Korangi Combined Cycle Power Plant, and the Korangi Town Gas Turbine Station, utilizing regasified liquefied natural gas, natural gas, and furnace oil. It manages a transmission network of 220 kV and 132 kV overhead lines, underground circuits, and grid substations, alongside an extensive 11 kV and low-voltage distribution network utilizing aerial bundled cabling to reduce commercial line losses. The company serves over 3.4 million customer accounts across a 6,500-square-kilometer franchise area covering Karachi, Dhabeji, and Gharo in Sindh Province, as well as Hub, Uthal, Vinder, and Bela in Balochistan Province. Founded in 1913 as the Karachi Electric Supply Corporation and privatized in 2005, K-Electric Limited is headquartered in Karachi, Pakistan. The company operates as a principal subsidiary of KES Power Limited, which holds the controlling equity stake alongside shareholding by the Government of Pakistan. K-Electric also operates wholly owned subsidiaries, including KE Venture Company (Private) Limited, to manage diversified renewable energy and infrastructure projects. In recent developments, K-Electric has accelerated its long-term investment strategy through 2030 aimed at expanding transmission capacity and adding cleaner power to its generation fleet. The company initiated competitive bidding processes for 640 megawatts of utility-scale solar and wind hybrid renewable energy projects across Sindh and Balochistan under approved fast-track procurement frameworks. Operationally, K-Electric achieved full commercial operation of its 900-megawatt Bin Qasim Power Station III combined-cycle power plant, enhancing base-load generation efficiency and reducing fuel consumption costs. The company transitioned toward regulatory unbundling under the National Electric Power Regulatory Authority, securing segmented Multi-Year Tariffs for its generation, transmission, distribution, and commercial supply entities in preparation for the Competitive Trading Bilateral Contract Market. Additionally, K-Electric executed key mediation and settlement agreements with the Government of Pakistan and state entities to resolve historical inter-corporate circular debt receivables, while expanding interconnection capacity with the national grid through new grid stations to off-take additional power from the National Transmission and Despatch Company network.