K-Electric is a Pakistani utility company that is privately owned and vertically integrated in the distribution of electricity. It is based in Karachi. In this article, you will learn more about the company, its power plants, and upcoming projects. The company also provides IT services to its customers.
Information on K-Electric
K-Electric is a vertically integrated and investor-owned electricity distribution company based in Karachi, Pakistan. It serves approximately 4.5 million customers in the country. The company has over 14,000 employees and was established in 1992. It is the only utility company in Pakistan that provides both electricity and water to residential and commercial customers.
K-Electric’s profile is part of a comprehensive information service called EMIS. It provides company, industry, and country-level information. It analyses over 145 emerging markets. This includes information on K-Electric Ltd’s top management and key decision makers. The company’s financial values can also be seen in the report.
K-Electric Ltd is a vertically integrated power utility based in Karachi, Pakistan. Its services include generation, transmission, and distribution of electricity. K-Electric also has power purchase agreements with independent power producers, including the Karachi Nuclear Power Plant, and offers energy-conservation services. It also offers power supply and management services to the provinces of Balochistan and Sindh.
K-Electric provides two types of digital meters for residential, commercial, and industrial customers. Single-phase meters are smaller than three-phase meters, and they are typically installed in residential and commercial customers with average consumption patterns of less than 5 KW. Three-phase meters are used in industrial and commercial settings where consumers’ consumption patterns exceed five KW.
K-Electric continues to be plagued by problems such as circular debt. Its total debt to government and entities exceeds Rs. 300 billion, which is more than twice the debt limit. As a result, K-Electric should be broken up into two separate companies that focus on power generation and distribution. This would allow for greater synergies in the energy sector. Furthermore, excessive government interference has prevented foreign investors from entering the market.
Information on power plants
K-Electric power plants produce electricity using fuel oil and natural gas. They are located near Port Bin Qasim in Karachi, Sindh. These power plants generate electricity for the local community and industry. The K-Electric Bin Qasim Power Station produces power from fuel oil and natural gas.
The state-of-the-art BQPS-III power plant is currently under construction and is scheduled to start operations by 2021. This new facility is expected to provide significant relief to the city’s energy shortages. According to a June 25 article in The Express Tribune, the new power plant will provide an estimated 900 megawatts of electricity.
K-Electric currently has 2.3 GW of installed capacity and has contracts with independent power producers for an additional 1.4 GW. K-Electric has been faced with delays in tariff approval, which may impact the project’s commercial operation date. However, the new project will diversify K-Electric’s fuel mix and will ensure a sizable cost savings for the national exchequer.
K-Electric has recently signed a Memorandum of Understanding (MOU) with Siddiqsons Energy Limited, a coal-fired power plant. KE will then enter into a Power Purchase Agreement with the company, which is scheduled for completion in FY 2026. This agreement represents a major strategic move for KE. This move will enable the company to take advantage of cost savings that come from the switch to locally produced coal.
The new 700 MW coal-power project is crucial for K-Electric to bridge the demand-supply gap. The new project will provide additional electricity from the national grid. As part of this deal, the National Transmission and Despatch Company agreed to supply 500MW to K-Electric from the K2/K3 power project. This would increase total national grid supply to 1,400 MW by FY23.
Information on upcoming projects
K-Electric is planning to invest a significant amount in new energy-efficiency projects. This includes upgrading the distribution network and transmission lines. It will also work to improve safety and reduce the amount of electricity lost. It will also support new connections in the city. The K-Electric facility fund will help the utility to complete these projects.
The utility’s flagship project, BQPS-III, will bring 900 MW of new energy to the city of Karachi. This project will be implemented on a fast track basis and will use the latest generation technology. Once completed, it will be one of the country’s most efficient power plants.
In addition to the new electricity infrastructure, K-Electric has also launched a series of community outreach programmes to educate the public about energy conservation. These initiatives typically reach around 3.9 million people each year and include power conservation awareness programs in schools, sports tournaments, free medical clinics, and more. In addition, the company has also started a smart grid pilot programme involving 1 500 residential and commercial customers.
KE’s focus on safety is one of its most important priorities. It has recently completed the revalidation of all LT poles and has begun a Rain Emergency Rehabilitation Plan, which will make the network more resilient to the onset of monsoons. Further, the company has continued to fight illegal encroachment on its network.
Information on IT services
The IT Client Prospector provides comprehensive information on K-Electric Ltd’s technology spend. The database includes insights into how much K-Electric spends on various IT services and products, and what they’ve spent on in the past. It also provides information about new products, mergers, expansions, and approvals.
K-Electric is a vertically integrated power utility that has been providing electricity to Karachi for over a century. They are planning to introduce Wavetec solutions to their infrastructure, including a cloud-based Queue Management System and an on-premise Enterprise Queue Management Solution.
Employee opinions on K-Electric
The retrenchment of K-Electric employees has triggered anger and apprehension in the province of Sindh. The government has approached the federal government to take action against the power utility. Employees have complained of the termination of their jobs on ethnic and linguistic grounds. In response to these complaints, the provincial government has set up a grievance cell to address the issues. It has also urged the government to resolve this issue amicably. In a statement, the energy minister of Sindh expressed resentment and concern over the ongoing retrenchment of K-Electic employees.
K-Electric is a major producer and distributor of electricity in Pakistan. Their vertically integrated structure allows them to control and distribute their electricity. AmbitionBox has gathered employee opinions about K-Electric and its workplace environment. According to their feedback, the company scores 4.4 out of 5. Employees rate the company positively for its Job Security and Skill development. Job Security receives the lowest rating, but K-Electric can improve this area.
