- K-Electric is a Pakistani vertically integrated electric corporation involved in generating, transmitting and distributing power to around 20 million inhabitants of Karachi
K-Electric Net worth 2024 (estimated)
| | How much is K-Electric worth? | Under review
|
K-Electric facts
- It employs over 11,000 people and covers an area of 6,500 square kilometers with industrial, commercial, agricultural and residential areas falling under its network
- K-Electric was incorporated on 13 September 1913, under the now repealed Indian Companies Act, 1882 (currently Companies Ordinance, 1984)
- In 1952, the Government of Pakistan took control of the Company by acquiring majority shareholding of KESC
- In 2005, the Government privatized K-Electric
- In 2009, The Abraaj Capital, a leading private equity firm based in Dubai, bought the power utility for a significant equity stake in the company
- Abraaj Group fully controls KE via the holding company, KES Power Limited which holds 72
- 58% of its shares
- The company is in process of being taken-over by Shanghai Electric for $1
- 77 billion
Bio / wiki sources: Wikipedia, accounts on social media, content from our users.
Wiki & wealth sources: Wikipedia, TMDb, social media accounts, users content, wealth specialized websites
We do our best for being accurate. If something seems incorrect, please contact us! |
|
