Modification of KE distribution license contrary to public interest: CFO

113

Observer Report

Karachi

Muhammad Aamir Ghaziani, Chief Financial Officer (CFO) KE, highlighted that over PKR 335 Billion have been invested in Karachi’s power infrastructure since privatization in 2005.
These investments resulted in increasing KE’s generation capacity by 1057 MW, almost doubling transmission and distribution capacity and exempting over 75% of the city from scheduled load-shed vs. 6.5% in 2005. Mr. Ghaziani further added that KE was in the process of converting its pole mounted transformers (PMTs) to aerial bundled cabling, with over 9,000 PMTs converted to date, a process which would further improve he city’s power situation by reducing the risk of power theft. During the hearing, various stakeholders present at the hearing acknowledged that Karachi’s power situation had improved considerably since the power utility’s privatisation.

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