K-Electric eyes $400 mn overseas funding to address growing energy demand

Karachi-based power distributor is also seeking government approval for a $2 billion capital expenditure plan to raise its renewable energy capacity to 30% by 2030.

K-Electric Ltd. is actively pursuing international financial support, aiming for a funding range of $350 million to $400 million, as reported by Bloomberg. This move comes as Pakistan grapples with an energy crisis and soaring power prices.

The Karachi-based power distributor is also seeking government approval for a substantial $2 billion capital expenditure plan spanning seven years. This initiative aims to achieve key objectives, including raising renewable energy capacity to 30% by 2030, expanding overall generation capacity, and reinforcing the power grid.

Furthermore, with its monopoly in Karachi ending this year, K-Electric is preparing for heightened competition. The company is exploring options like acquiring minority stakes (below 20%) in new power plants to ensure a consistent electricity supply. Additionally, there are plans to convert fuel oil power plants to more sustainable coal-based operations, according to CEO Moonis Abdullah Alvi.

These efforts respond to Pakistan’s recent financial instability, exacerbated by a fuel shortage following Russia’s invasion of Ukraine, which sent energy prices surging and triggered nationwide protests due to increased household electricity rates.

K-Electric Ltd.’s proactive measures offer hope for addressing Pakistan’s energy challenges and steering towards a diversified and sustainable energy future amidst ongoing uncertainties.

- Advertisement -
Monitoring Desk
Monitoring Desk
Our monitoring team diligently searches the vast expanse of the web to carefully handpick and distill top-tier business and economic news stories and articles, presenting them to you in a concise and informative manner.


  1. Appreciation review, to CYBER GENIE HACK PRO..!!
    I sincerely appreciate your efforts in helping me recover my lost funds from “Bone Global Miners”. This well-organized fraudulent investment platform sent me an email on their promo investment offers, I felt life was giving me another chance to be financially stable after losing my job during the Covid-19 rampage. I had little savings, I did all they asked and my heart was filled with joy as I thought they were real and my ROI kept rising by the day. When it came to my knowledge they weren’t real, and I hired CYBER GENIE HACK PRO, how they were able to recover my lost funds was really unbelievable to me. Now I really see why everyone was recommending their services and saying positive reviews about them on the internet…
    “cyber genie (@) cyberservices (.) com”
    “w.a- +-1-2-5-2-5-1-2-0-3-9-1”

    Remain blessed.

  2. I would like to express my sincere gratitude to Darkrecoveryhacks for their exceptional services. My brother introduced me to a trading platform called Purecrypt, and with high hopes, I invested a substantial amount of $350,000, expecting it to generate $700,000 within two weeks. Unfortunately, both my brother and I ended up losing over $680,000 when we realized it was a scam. Thankfully, we came across Darkrecoveryhacks, and their expertise and professionalism were truly remarkable. Within just 72 hours, they worked diligently to recover every single penny we had lost. Their swift and efficient actions gave us hope during a distressing time. I want to emphasize the importance of being cautious out there, as scams are prevalent. However, if you ever find yourself in a similar situation and in need of a trustworthy recovery company, I highly recommend Darkrecoveryhacks. Their dedication and commitment to helping clients regain their funds make them one of the best in the industry. DARKRECOVERYHACKS @ G MAIL . COM is their official mail address.

  3. It was like a dream to the point of selling off my properties in order to invest into binary option. I met these investors online , at first we shared business or investment ideas and it got to a point we started discussing business proposal until i got confused and convinced into investing with them in binary option. I didn’t want to believe i was being scammed at first until i wanted to withdraw my profits into my account. The problem got to a point that i was blocked from logging in to communicate with the site. My $120,000 usd was lost to online scammers with the believe i was investing into binary options in order to make grand profits. I searched for help but none came until i discussed it with my Mom whom got me to know about COREASSETINC RECOVERY FIRM which had helped her friend with the recovery of her lost funds. I contacted them and to my utmost surprise all my lost Bitcoin was recovered and the funds transferred into my account. I can call them experts in what they do, i got marveled because it was achieved within 72 hours and still grateful to COREASSETINC RECOVERY FIRM ( COREASSETINC @ GMAIL. COM OR Telegram : @ COREASSETINC ) for the wonders they did for me.

  4. I came to the agreement that life is always about changes and that business is all loose or gain, that is risks. Gaining more grounds in the business world is all about risks, i invested $49,000 into crypto currency hoping to withdraw my dividends or profits into my account beginning of the year. On getting to that point, i wasn’t able to withdraw into my account, i contacted their support group for the matter to be solved but it never came up to the point i couldn’t login to the site again. I almost lost hope in recovering my money until i came across an advert online about a recovery firm that had helped many people to recover their lost funds. Because i needed help to recover my money, i contacted them and to my utmost surprise it happened like a miracle. I never believed it until all my money was recovered from the scammers within 72 hours after meeting all there requirements. They brought smiles on my face again through the work they did for me. They can be reached through their Email : DARKRECOVERYHACKS @ GMAIL . COM or Telegram : @ DARKRECOVERYHACKS


    ASOREHACKCORP is a financial regulator, private investigation and funds recovery body. We specialize in cases as regards ETHICAL HACKING, CRYPTOCURRENCY, FAKE INVESTMENT SCHEMES and RECOVERY SCAM. We are also experts in CREDIT REPAIR, we analyze what’s impacting your score.
    All software tools needed to execute RECOVERIES from start to finish are available in stock.
    Kindly NOTE that the available tools does NOT apply to CREDIT FIX.

    Be ALERT to FALSE reviews and testimonies on the internet, the authors and perpetrators unite to form a syndicate.

    Contact our team as soon as you can via the email address below to book a mail meeting with an ethical hacker.
    asorehackcorp @ gmail com

    Stay Safe out there !


Please enter your comment!
Please enter your name here

- Advertisement -

Must Read

FBR surpasses IMF target, collects Rs736bn in first five months of...

The Federal Board of Revenue now faces the task of collecting Rs5,931 billion in the remaining seven months to meet the targeted tax collection of Rs9,415 billion by June 30, 2024