Tag: K-Electric

Adeeb Ahmed appointed acting (CEO) of K-Electric

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Adeeb Ahmed appointed acting (CEO) of K-Electric

KARACHI: Adeeb Ahmed was appointed as the acting Chief Executive Officer (CEO) of K-Electric on Friday, ARY News reported.The appointment was made during a meeting of the K-Electric Board of Directors held to discuss the leadership role. The board reached a decision to appoint Ahmed as the acting CEO of Karachi’s sole power provider.Adeeb Ahmed is a seasoned veteran of the company, having served as a director at K-Electric since 2019.According to K-electric websiteMr. Adeeb Ahmad’s career spans 34 years including C-suite roles. He has been involved in managing private…

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K-Electric Defers AGM Amid Pending NEPRA Tariff Decisions

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K-Electric Limited (KE) has postponed its Annual General Meeting (AGM), earlier scheduled for November 11, 2025, due to uncertainty stemming from ongoing tariff-related proceedings before the National Electric Power Regulatory Authority (NEPRA). In a statement to the Pakistan Stock Exchange (PSX) on Monday, the utility said its Board of Directors had approved the annual financial statements for the fiscal year ending June 30, 2024, back in September. However, the company’s auditors have sought management’s clarification regarding the potential financial impact of pending NEPRA rulings before issuing their final audit report.…

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K-Electric IPO Oversubscribed, Raises Rs2bn

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K-Electric

KARACHI: K-Electric (KE) successfully concluded its initial public offering (IPO) on September 3, raising Rs2 billion as bids exceeded the target by 2.2 times, according to CEO Moonis Alvi. The KE Retail Sukuk attracted strong interest from over 600 retail applicants and institutional investors. In the pre-IPO phase, worth Rs1 billion, subscriptions came primarily from KE’s industrial and large commercial consumers, alongside high-net-worth individuals. The Sukuk also offers a unique feature: residential and commercial consumers can opt to adjust their electricity bills against monthly profits earned from the investment. At…

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K-Electric Seeks Amendments to IGCEP 2025–35 for Fair Market Participation

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ISLAMABAD: K-Electric (KE) has proposed a series of amendments to the Indicative Generation Capacity Expansion Plan (IGCEP) 2025–35, aimed at ensuring fair competition and protecting its operational rights in Pakistan’s evolving electricity market. In a letter addressed to the Power Division, KE’s CEO Syed Moonis Abdullah Alvi urged support for key changes, including: KE further noted that its input on renewable integration, interconnection capacity, and demand forecasts had not been adequately reflected in recent IGCEP iterations. “We are confident the Power Division will carefully evaluate these proposals. KE remains committed…

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K-Electric Clarifies: Tariff Rates Set by Government, Not KE

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K-Electric

KARACHI: In response to ongoing speculation regarding potential electricity price hikes for K-Electric (KE) customers, the company issued a clarification on Wednesday, emphasizing that it has no authority to set or alter consumer tariffs. “Electricity tariffs – including per unit charges, consumer categories, and usage slabs – are determined by the Power Division under the Uniform Tariff Policy,” a KE spokesperson stated. “These rates are uniform across the country and not decided by KE.” The company reaffirmed that any changes to electricity pricing must be formally notified by the Government…

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