PAKISTAN > Chinese state owned power entities vying for controlling stake in Karachi based K-Electric

k-electric State owned Chinese companies are pushing to buy a $1.5 billion controlling stake in K-Electric. K-Electric Limited, formerly known as Karachi ElectricSupply Company Limited (KESC),┬áis at present the only vertically-integrated power utility in Pakistan that manages the generation, transmission and distribution of electricity to the city of Karachi – according to its website. According to K-Electric’s website, it was established More …