Karachi, 20th December 2017: K-Electric presented its progress and future plans to the Public Accounts Committee chaired by MNA Syed Khursheed Ahmed Shah.
K-Electric’s Chief Executive Officer Tayyab Tareen presented updates regarding K-Electric’s business and operations. The stake-holders were briefed about K-Electric’s reduction in Transmission & Distribution losses (T&D losses) by more than 14% since 2009. CEO KE also added that today 62% of Karachi is load-shed free which includes the major industrial zones of the city. Re-organization and creation of IBCs and regions along with implementation of new and engineered processes have led the power utility towards an improved operational structure ever since the acquisition in 2009. The Digital meters deployed by K-Electric across most of Karachi are procured from ISO certified manufacturers who also supply to rest of the country.
Tareen highlighted that turn around was achieved through investment to the tune of PKR 158 billion across the generation, transmission and distribution streams since 2009, which resulted in benefits to consumers in the form of reduced load-shed, enhanced capacity and improved system reliability. “The utility remains determined to eradicate power theft and we have a robust plan of PKR 355 billion to be invested in next 7 years. We are also working on a 900 MW LNG fired plant which will further diversify our fuel mix and add to our generation capacity. Various projects in transmission and distribution are also planned or underway as part of our vision to a load-shed free Karachi.”
The session also discussed the ongoing hurdles faced by the power utility in overcoming electricity theft in certain areas. CEO K-Electric said, “K-Electric is continuing to invest in its Aerial Bundled Cables to eliminate theft and reduce losses to ensure a more reliable and stable power supply. The power utility has enhanced its generation capacity by 1,057 MW and improved overall generation efficiency by 7% in the last 8 years.”