INTERNATIONAL POWER HOLDINGS LIMITED

THROUGH INTERNATIONAL POWER HOLDINGS LIMITED WE HOLD A SIGNIFICANT STAKE IN THE INTERNATIONAL CONSORTIUM OWNERSHIP OF K-ELECTRIC (KE). THE STAKE WAS ACQUIRED DURING KE’S PRIVATIZATION BY THE GOVERNMENT OF PAKISTAN IN 2005.

ABOUT K-ELECTRIC

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 20 million plus population of the metropolis of Karachi. 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 of Dhabeji and Gharo in Sindh and Hub, Uthal, Vindar and Bela in Balochistan.

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.

Over the last few years, KESC has demonstrated a strong ability to bring about a sustainable change. It has pursued a path of visible growth and transformation which has placed it amongst the most dynamic institutions in Pakistan and in the region.

The indicators of KESC’s operational and financial turnaround have been clearly noticed by its stakeholders, who have reason to believe that the Company is now a renewed entity with a brand new vision and a progressive outlook. Therefore, there is a strong case for its repositioning and rebranding with a refreshing new identity as a manifestation of its aspirations and its current stance as a leader in the energy sector in Pakistan. It is for this reason that KESC has now been rebranded as K-Electric, complete with the renewed hope that it will serve Karachi with more vigour, more energy and a fresh purpose.