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K-Electric
Electric (KE) ( ur, ) (formerly known as Karachi Electric Supply Company / Karachi Electric Supply Corporation Limited) is a Pakistani investor-owned utility company based in Karachi. K-Electric is a privately owned and vertically-integrated electricity distribution company Timeline In 1913, the Karachi Electric Supply Company (KESC) was formed to meet the power needs of a small port town called Karachi, incorporated under the now currently Companies Act, 2017. In 1952, The Government of Pakistan nationalized KESC in order to facilitate the much needed investment in its infrastructure. In 2005, KESC was privatized, with the government retaining a stake of approximately 26%, while 71% was transferred to a foreign consortium. In 2009, the new management, led by Abraaj Capital, took charge, beginning a turnaround story which has thus far seen investments of over US$2.1 billion. In 2014, a low-cost power plant began operations, saving Pakistan hundreds of millions of dollars an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Electric Supply Companies In Pakistan
Distribution company (DISCO) is a company under Pakistan Electric Power Company (PEPCO) and is responsible for distribution of electricity in their respective allocated areas. They buy electricity from Water and Power Development Authority (WAPDA), PEPCO and other private Independent Power Producers (IPPs) and sell it to their respective area customers. All companies are owned by the Government of Pakistan except K-Electric, which was privatized in 2005. List The following are the distribution companies (DISCOs) operating in Pakistan: *Faisalabad Electric Supply Company (FESCO) *Gujranwala Electric Power Company (GEPCO) *''Hazara Electric Power Company (HEPCO) (planned)'' *Hyderabad Electric Supply Company (HESCO) * Islamabad Electric Supply Company (IESCO) *''Karachi Electric Supply Company (KESC) (Now privately owned as K-Electric)'' *Lahore Electric Supply Company (LESCO) *Multan Electric Power Company (MEPCO) *Peshawar Electric Power Company (PESCO) *Quetta Electric Supply C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electricity Sector In Pakistan
Electricity in Pakistan is generated, transmitted, distributed, and retail supplied by two vertically integrated public sector companies, Water and Power Development Authority (WAPDA) responsible for the production of hydroelectricity and supplied to the consumers by the power distribution companies (DISCOS) under the Pakistan Electric Power Company (PEPCO). Currently, there are 11 distribution companies and one National Transmission And Dispatch Company (NTDC) all in the public sector (except Karachi), and the Karachi Electric (K-Electric) for the city of Karachi and its surrounding areas. There are around 42 independent power producers (IPPs) that contribute significantly in electricity generation in Pakistan. As of 2016, more than 80% of its population on average has access to electricity. History Pakistan's electricity sector is a developing market. For years, the matter of balancing the country's supply against the demand for electricity had remained a largely unresol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pakistan
Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 243 million people, and has the world's Islam by country#Countries, second-largest Muslim population just behind Indonesia. Pakistan is the List of countries and dependencies by area, 33rd-largest country in the world by area and 2nd largest in South Asia, spanning . It has a coastline along the Arabian Sea and Gulf of Oman in the south, and is bordered by India to India–Pakistan border, the east, Afghanistan to Durand Line, the west, Iran to Iran–Pakistan border, the southwest, and China to China–Pakistan border, the northeast. It is separated narrowly from Tajikistan by Afghanistan's Wakhan Corridor in the north, and also shares a maritime border with Oman. Islamabad is the nation's capital, while Karachi is its largest city and fina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karachi
Karachi (; ur, ; ; ) is the most populous city in Pakistan and 12th most populous city in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast. It is the former capital of Pakistan and capital of the province of Sindh. Ranked as a beta-global city, it is Pakistan's premier industrial and financial centre, with an estimated GDP of over $200 billion ( PPP) . Karachi paid $9billion (25% of whole country) as tax during fiscal year July 2021 to May 2022 according to FBR report. Karachi is Pakistan's most cosmopolitan city, linguistically, ethnically, and religiously diverse, as well as one of Pakistan's most secular and socially liberal cities. Karachi serves as a transport hub, and contains Pakistan’s two largest seaports, the Port of Karachi and Port Qasim, as well as Pakistan's busiest airport, Jinnah International Airport. Karachi is also a media center, home to news channels, film and fashi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Abraaj Group
The Abraaj Group was a private equity firm operating in six continents that is currently in liquidation due to accusations of fraud. The firm was founded by Pakistani businessman Arif Naqvi and was based in Dubai, United Arab Emirates. History The Abraaj Group was founded in 2002 by Pakistani businessman Arif Naqvi with US$3 million in capital. In April 2015, the firm closed a US$990 million Sub-Saharan Africa fund, its third in the region according to the company. Combined with US$375 million raised in August 2015 for a fund to focus on North Africa, the two funds give Abraaj just under US$1.4 billion to invest in Africa, a record sum raised in a single year. In July 2016, the firm announced that it raised $526 million for investments in Turkey through Abraaj Turkey Fund I. Abraaj also launched its $1 billion Abraaj Growth Markets Health Fund (AGHF) to build affordable and accessible health eco-systems for middle and low-income communities in Sub Saharan Africa and South Asia. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Finance Corporation
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development. The IFC's stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise, promoting accessible and competitive markets, supporting businesses and other private-sector entities, and creating jobs and delivering necessary services to those who are poverty stricken or otherwise vulnerable. Since 2009, the IFC has focused on a set of development goals that it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank Group
The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. The bank is headquartered in Washington, D.C. in the United States. It provided around $98.83 billion in loans and assistance to "developing" and transition countries in the 2021 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity.The World Bank, Press release: "World Bank Group Commitments Rise Sharply in FY14 Amid Organizational Change"July 1 2014, http://www.worldbank.org/en/news/press-release/2014/07/01/world-bank-group-commitments-rise-sharply-in-fy14-amid-organizational-change/ref> Total lending as of 2015 for the last 10 years through Development Policy Financing was approximately $117 billion. Its five organizations are the International Bank for Reconstruc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Machinery Engineering Corporation
China Machinery Engineering Corporation (CMEC) is a construction and engineering company, forming one part of the China National Machinery Industry Corporation (Sinomach) group of companies. A specialization of CMEC is construction of power projects in generation, transmission, and distribution. The company is present in Turkey with representative offices in Istanbul and Ankara. CMEC has operated in Turkey since the mid-1980s and operations in the country accounted for 5% of global revenue by 2013. The total value of projects in Turkey amounted to 3 billion US dollars as reported in mid-2013 by the company with another 1 billion US dollars in project revenue set to be added to the total by the end of 2013. The work it takes on in Turkey includes the construction of a 600 MW supercritical thermal power plant, a project signed in 2007. Moving into investment, the company announced in 2013 the creation of an investment fund, based on its own equity capital and lines of credit from Ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Port Qasim
The Port Muhammad Bin Qasim ( ur, ''Bandar-gāh Muhammad bin Qāsim''), or Qasim Port Authority ( ur, ), also known as Port Qasim, is a deep-water seaport in Karachi, Sindh, Pakistan, on the coastline of the Arabian Sea under the administrative control of the Secretary to the Government of Pakistan for Maritime Affairs. It is Pakistan's second busiest port, handling about 35% of the nation's cargo (17 million tons per annum). Port Qasim and Karachi Port, the busiest port of country, together handle more than 90% of all external trade of Pakistan. The port encompasses a total area of wherein many industrial zones operate. In addition to the Pakistan Steel Mills (PSM) and KESC Bin Qasim Power Plant, around 80% of the Pakistan's automotive industry is located at Port Qasim. The port also provides direct waterfront access to two major nearby industrial areas, Export Processing Zone (Landhi) and Korangi Industrial Area. Approximately 60% of country's export and import is orig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investor-owned Utility
Investor-owned utilities (IOUs) are private enterprises The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit (economics), profit or Non Profit, non profit, rather than being owned by t ... acting as Public utility, public utilities. Examples may range from a family that owns a well on their property to international energy conglomerates. References Public utilities {{business-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''speaker''. ''Chair'' has been used to refer to a seat or office of authority ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
