Leading the charge in sustainability and technological innovation, K-Electric (KE) has embarked on a transformative journey to reshape the energy industry.
This commitment is evident in its recent move to seek a non-exclusive distribution and supply license in December 2022, marking the beginning of a new chapter.
This strategic initiative not only signifies a significant step forward in the power sector but also aligns with KE’s ambitious investment plan of Rs. 484 billion over the next seven years.
The goal is to strike a balance between accessibility, affordability, and sustainability, three cornerstones crucial to today’s energy framework.
The crux of KE’s vision lies in its Investment Plan—a comprehensive strategy aiming to increase the share of renewable energy by up to 30%, expand the consumer base by 30%, and reduce the power outages by 30%.
The utility’s embrace of cutting-edge technologies, such as the Advanced Distribution Management System, mobile workforce management, Geographical Information Systems (GIS), and Advanced Analytics & Artificial Intelligence demonstrate its dedication to improving customer experience and operational efficiency.
The forward-thinking business plan places customers at its core. Simultaneously, it propels Karachi’s development, progress, and sustainability, reflecting a comprehensive approach to meeting the city’s changing energy needs.
The plan is currently under review by the National Electric Power Regulatory Authority (NEPRA), attesting to the utility’s commitment to regulatory processes and transparency.
Since privatization, the company has invested Rs. 474 billion rupees across its value chain, resulting in a doubling of its customer base from 1.8 million to 3.4 million, an increase in energy supplies from 2,200 MW to 3,380 MW, and a reduction in T&D losses from 34.2% to 15.3%, which surpasses the target set by NEPRA.
KE positions itself as a dynamic player in the evolving energy sector, committed to shaping a sustainable future with access to affordable and reliable power for all.