KE Warns Sindh Government of Imminent Power Outages Over Unpaid Dues

NEPRA-KE

ISLAMABAD: Karachi Electric (KE) has issued a stern warning to the federal and Sindh governments regarding potential widespread power outages and disconnections in Karachi if the provincial government fails to settle Rs 9 billion in reconciled bills. These funds are crucial for system improvements, according to well-informed sources. This urgent message was communicated to top political and public office holders…

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Nepra Supports Over Rs60 Billion KE Write-Offs ISLAMABAD:

NEPRA-KE

Chairman of the National Electric Power Regulatory Authority (Nepra), Waseem Mukhtar, has expressed support for over Rs60 billion in write-offs for K-Electric (KE). During a meeting at the Special Investment Facilitation Council (SIFC) aimed at resolving KE’s longstanding issues, Mukhtar noted that losses for government-owned distribution companies (Discos) are typically absorbed into the circular debt or recovered through consumer surcharges.…

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KE Overbilled Sindh Government by Over Rs20 Billion in Last Decade: Minister

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KARACHI: Sindh Energy Minister Syed Nasir Hussain Shah revealed on Wednesday that K-Electric (KE) has overcharged the Sindh government by more than Rs20 billion for electricity supply to its departments over the past decade. In a meeting with energy reporters, Minister Shah disclosed that the provincial government will soon settle Rs9 billion in outstanding dues with KE. An audit conducted…

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NEPRA Approves KE’s Seven-Year Plan to Boost Renewable Energy Capacity

Nepra-Price

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved K-Electric’s seven-year Power Acquisition Plan (PAP 2024-30), allowing the utility to increase its generation capacity by approximately 3,200MW, primarily through renewable energy sources. The plan includes a significant expansion of power received from the national grid, expected to nearly double from 1,100MW to 2,050MW, resulting in a projected 9% reduction…

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K-Electric’s Proposed Fuel Adjustment Charges Met with Resistance

karachi-electricity

ISLAMABAD – The National Electric Power Regulatory Authority (Nepra) confronted K-Electric’s request for an additional fuel cost recovery of up to Rs18.6 per unit from its consumers over the past nine months. During a public hearing led by Nepra’s Sindh member, Rafique A. Shaikh, key consumer groups and trade bodies strongly opposed any tariff hikes until consumers receive approximately Rs75…

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“K-Electric Proposes Non-Disclosure Agreement with JPCL for Thar Coal Conversion”

circular-debt-K-electric-ceo

K-Electric (KE) has put forward a proposal for a Non-Disclosure Agreement (NDA) with Jamshoro Power Company Limited (JPCL) to safeguard data related to the conversion of JPCL’s 600-MW unit to Thar coal, according to informed sources. In continuation of previous communications and discussions, KE has submitted its NDA proposal to the Secretary Power, following its earlier letter regarding the approval…

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KE to Integrate 640MW Clean Energy in 2 Years

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K-Electric (KE) has unveiled plans to incorporate 640 megawatts of renewable electricity into its grid over the next two years through solar and wind energy initiatives. This move, expected to attract investments of more than $400 million from 12 international firms based in Europe, China, and the Middle East, is poised to significantly reduce production costs, according to KE’s Chief…

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K-Electric Stands Firm on Renewable Goals

K-Electric

KARACHI: K-Electric (KE) reaffirms its dedication to achieving 30 percent renewable energy by 2030, as outlined in its publicly available plans. The company emphasized its commitment to these targets, which are formulated based on thorough assessments of ground dynamics, available resources, and anticipated demand growth. KE responded to the white paper shared by Renewables First, expressing an inability to provide…

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Study Finds K-Electric Misses $250 Million Savings Due to Neglecting Renewables

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A recent study conducted by Renewables First and the Policy Research Institute for Equitable Development has revealed that K-Electric Ltd., Pakistan’s sole vertically integrated power utility, could have saved approximately $250 million over the past two years if it had prioritized investment in renewable energy sources instead of extending contracts for aging and inefficient thermal power plants. Despite operating in…

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Pakistan Makes Progress in Resolving Operational Issues for Karachi Electric Stake Sale: Al-Jomaih Official

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In a significant development, Saudi investors leading the consortium owning majority shares of Karachi Electric (KE) have expressed satisfaction with the progress made in resolving operational issues hindering the sale of the utility to Shanghai Electric Power (SEP), a prominent Chinese entity. The Pakistani government, through a committee established to address regulatory hurdles and payables issues, has successfully resolved three…

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