Pakistan’s electric company signs $8 million deal with Korean firms

In order to continuously upgrade its existing network in Karachi, the capital city of southern Sindh province of Pakistan, the K-Electric has entered into an agreement worth $8 Million with LS Network and LS Cable and System Consortium from Korea. As per this agreement, a new Double Circuit 220 KV Transmission Line would be laid in certain areas of port city. This would enhance the transmission network capacity and increase K-Electric system’s stability and reliability by completing 220 KV ring.

The signing ceremony was held at the KE House in Karachi between K-Electric’s Chief of Generation & Transmission Dale Sinkler, Korean Firm LS’s Global Business General Manager James Jang and Director Energy Global Gisu Kim. K-Electric’s Head of Projects Bilal Mirza along with other senior KE representatives were also present at the signing ceremony.

K-Electric’s spokesperson said that the power utility is continuously investing in not only its existing network but it is investing in the future expansion projects. This new underground Transmission Line would support our Transmission network and the consumers would reap benefits in days to come.

Karachi is the metropolis of over 20 million and is one of the most populous cities in the world. K-Electric Limited formerly known as Karachi Electric Supply Company Limited (KESC) is at present the only vertically-integrated power utility in Pakistan that manages the generation, transmission and distribution of electricity to the city. The company covers a vast area of over 6,500 square kilometers and supplies electricity to all the industrial, commercial, agricultural and residential areas that come under its network, comprising over 2.2 million customers in Karachi and in the nearby towns.

K-Electric is also one of the city’s largest employers with nearly 11,000 people currently working for it. It was established one hundred years ago on September 13, 1913 and is one of the oldest companies operational in Karachi. It was set up under the Indian Companies Act of 1882 as the Karachi Electric Supply Corporation – KESC. The entity was nationalized in 1952 but re-privatized on November 29, 2005. KESC came under new management in September 2008 and was renamed as the Karachi Electric Supply Company. At this point, it was transformed into a profitable entity and is today a globally recognized example of an unprecedented turnaround.