KE today urged Pakistan railway authorities to clear outstanding dues of PKR 430 million accumulated against 31 connections since May 2024, as it is unsustainable to continue electricity supply without any payments.
In line with regulatory policies, KE has previously served notices and disconnected defaulting connections on multiple occasions. Supply has been restored on undertakings provided by railway authorities with the assurance of clearing outstanding dues and timely payment of monthly bills. However, despite accommodating Pakistan railways, these commitments have been dishonored time and again.
In such circumstances, KE will have no option but to indefinitely disconnect defaulting connections until payments are received
ABOUT K-ELECTRIC:
K-Electric (KE) is a public listed company incorporated in Pakistan in 1913 as KESC. Privatized in 2005, KE is the only vertically integrated power utility in Pakistan supplying electricity to Karachi and its adjoining areas. The majority shares (66.4%) of the Company are owned by KES Power, a consortium of investors including Al-Jomaih 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 shareholder (24.36%) in the Company while the remaining are listed as free float shares.
