K-Electric Transmission Network Upgrade
Sector: Power Generation (CCGT) • Location: Sindh, Pakistan
Source: World Bank Group
The project entails an investment of US$ 450 million by K-Electric Limited in upgrading its transmission and distribution network. K-Electric, formerly known as Karachi Electric Supply Company Limited and commonly referred to as KE is a Pakistani vertically integrated electric corporation involved in generating, transmitting and distributing power to around 20 million inhabitants of Karachi.
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The project entails an investment of US$ 450 million by K-Electric Limited in upgrading its transmission and distribution network. K-Electric, formerly known as Karachi Electric Supply Company Limited and commonly referred to as KE is a Pakistani vertically integrated electric corporation involved in generating, transmitting and distributing power to around 20 million inhabitants of Karachi. Abraaj Group fully controls KE via the holding company, KES Power Limited which holds 74% of its shares and the remaining is held by Govt of Pakistan. Financing for the investment comprises $ 250 million 10-year project finance loan by OPIC, $20.8 million loan by Citi Bank and equity of US$ 179.2 million. Financial close occurred on 29th February, 2016. https://www.opic.gov/press-releases/2015/opic-finance-250-million-support-k-electric https://en.wikipedia.org/wiki/K-Electric#Privatization http://www.abraaj.com/search/results/f495bc9eb3efb553f250051c7f21a7b3/ https://ijglobal.com/data/transaction/35884/k-electric-transmission-network-upgrade |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
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Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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Article Published Date | Obfuscated Data |