Commenting on the violent protests reported from different parts of the city, Spokesperson K-Electric said, “We strongly condemn these unfortunate hostile attacks on our premises. Our staff remains available 24/7 for the convenience of our customers; however, resorting to violence and vandalism against KE properties is unacceptable under any circumstances.”
Talking about the Fuel Charges Adjustment reversal under the directives from the Government of Pakistan, KE Spokesperson further added, “Decisions made by the Government and relevant authorities pertaining to the cost of electricity are applicable across the country on all distribution companies. Under the Government of Pakistan’s directives, we are utilizing all our resources to extend relief on Fuel Charges Adjustments (FCA) to all eligible consumers. We extended the operating hours of our customer care centers and also kept them open over the weekend to facilitate consumers. However, such brutal attacks damage our centers forcing them to close thus disrupting our connection with consumers. We strongly urge community leaders to cooperate with law enforcement authorities against these miscreants who incite violence.”
The spokesperson further said, “If we receive any further directives from the Government of Pakistan about the FCA relief, we will act upon them immediately. However, the miscreants attacking KE premises will be dealt strictly in accordance with the law. KE has registered as many as 08 FIRs against such elements in different police stations. We also remain in close contact with the local civil administration and law enforcement authorities for the continued support to our staff and for security of our properties.”
K-Electric (KE) is a public listed company incorporated in Pakistan in 1913 as KESC. Privatized in 2005 KE is the only vertically integrated utility in Pakistan supplying electricity within a 6500 km square territory including Karachi and its adjoining areas. The majority shares (66.4%) of the company are listed in the PSX owned by KES Power, a consortium of investors including Aljomaih Power Limited of Saudi Arabia, National Industries Group (Holding), Kuwait, and the Infrastructure and Growth Capital Fund (IGCF). The Government of Pakistan is also a minority shareholder (24.36%) in the company.