K-Electric Limited, or KE, is a Pakistan-based investor-owned energy utility company headquartered in Karachi, Sindh, Pakistan. Originally established as a state-owned enterprise, the company was privatized in 2005. It is the only vertically integrated utility in Pakistan, supplying electricity and distributing energy across a 6500 km2 territory that includes Karachi in Sindh and extends into parts of Balochistan.[2]
The company is listed in the PSX, in which, its majority of shares (66.4%) are owned by the KES Power, a joint venture of Al-Jomaih Power Limited of Saudi Arabia, National Industries Group of Kuwait, and the Infrastructure and Growth Capital Fund (IGCF). The federal Government of Pakistan is listed as a minority shareholder with 24.36% holding in the company.[3]
The KE serves power to 3.7 million customers across Karachi, Dhabeji, and Gharo in Sindh, as well as Uthal, Vinder, and Bela in Balochistan.[4]