KESC plans Rs40b investment for capacity enhancement and bio energy

[A.Rafay]

Karachi Electric Supply Company (KESC) formulated an investment plan worth Rs 40 billion or $ 400 million. KESC invested at least $ 1 billion during the last four years to facilitate uninterrupted power supply to the residents of the metropolis.
The company invested in various large scale projects for generation, transmission and distribution of electricity. The latest PKR 40 billion investment plan would enhance KESC’s generation capacity by improving fleet efficiency, reducing the cost of power generation and upgrading transmission capacity to meet growing power demand of the city. The capacity enhancement plans would be completed within a span of two years and would be funded by local and foreign entities in the shape of both debt and equity. KESC CEO Tabish Gauhar said that “we believe in the potential that Pakistan offers and despite the difficult operating environment we have demonstrated this through unprecedented investments in the past.

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