KESC

completed

Karachi Electric Supply Corporation Limited (KESC or the company) is an integrated electric utility supplying power to the city of Karachi, Pakistan''s largest industrial and commercial centre. The company is engaged in generation, transmission and distribution of electricity in a service area that includes approximately 6,000 square kilometers and a population of between 12-14 million. KESC was privatized in December 2005 when the Government of Pakistan, through a competitive bidding process, transferred 73% of its shares to a consortium of investors led by Al-Jomaih Group of Saudi Arabia and National Industries Holding of Kuwait.The project is KESC’s capital investment program to be implemented over a three year period from July 2006 to June 2009. The investment program includes:- expansion of generation capacity by approximately 795 MW; - investments in the T&D network; - improvement of commercial systems; and - refurbishment of existing generation to improve available capacity and reliability. The main objectives of the project are: - increase in power supply to meet current deficit; - reduction of technical and commercial losses;- improvement in the quality of service; - reduction in fuel costs by using an efficient combined cycle plant in expansion of generation; - improvement in internal work processes; and- promotion of better public relations and client satisfaction.