KE files robust investment plan worth Rs484 billion

• The K-Electric (KE) has filed its investment plan for FY24/30 for transmission and distribution segments.
• KE has halved its transmission and distribution losses, doubled its customers’ base and power consumption.
• The new plan envisages to invest Rs484 billion in the transmission and distribution business.

KARACHI: The K-Electric (KE) has filed its investment plan for FY24/30 for transmission and distribution segments. The futuristic plan keeps its customers at the heart of the business and seeks to leverage technology as a mainstay to further improve the network reliability for smooth and reliable supply of power, while accelerating Karachi’s development, progress and sustainability, a statement said on Monday.

The new plan envisages to invest Rs484 billion in the transmission and distribution business with a keen eye on projected growth in the power demand, loss reduction initiatives, targeted and technology-driven investments in the network for improved reliability and safety, as well as initiatives to enable the KE off-take additional power from external sources, including the national grid, it added.

The goal at the end is to make power affordable, safe, reliable and smooth. At the same time, it seeks to invest in the climate resilient and environmentally sustainable infrastructure for the power supply.

Since privatisation, KE has halved its transmission and distribution losses, doubled its customers’ base and power consumption. This was possible due to sustained investments amounting to Rs474 billion across the value chain.

As per NEPRA State of Industry Report, since its privatisation in 2005, KE is the most improved distribution company in terms of loss reduction.

The new investment plan is designed to further the operational improvements and is aligned with the KE’s vision to keep the customers’ interests and needs at the core of the company’s business operations.

The previous MYT was an integrated model that together clubbed generation, transmission and distribution as an integrated model. As the market transforms into an open ecosystem, we look forward to working in this environment to bring the best of our services for our customers.

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