Value Creation
At KE, we create shared value for both our customers and employees by aligning operational excellence with long-term sustainability goals.
Our approach blends performance with purpose and is reflected across key focus areas such as:
Generation
Over the last few years, KE has enhanced its generation capacity by approximately 1977 MW and improved its overall fleet efficiency by 16%. K-Electric continues to expand its generation portfolio by developing projects with external developers and through self-generation. In line with its efforts toward cleaner energy, KE has installed a 942 MW RLNG-based power plant at Bin Qasim. This plant is considered the most efficient amongst KE’s existing generation fleet. It is a remarkable milestone towards fulfilling the rapid growing energy requirements for the consumers and will also add value to the economy through availability of reliable and sustainable power for business and industry.
Another great achievement is the successful commissioning of KCCPP and BQPS-II Black Start Capability which has enabled KE to become independent from IPPs and NTDC, with lesser restoration time, thus enhancing KE’s technical readiness to export power to the network in case of black outs.
KE Generation continues to achieve excellence in areas of safety, environment & quality. Besides the existing certifications in Safety (OHSAS 18001:2007) and Environment (ISO 14001:2015) and Quality Management system ISO 9001:2015, the following certifications have been obtained by all stations:
- ISO-45001, Health & Safety Management System – Transition from OHSAS-18001:2007 (Occupational Health & Safety Assessment Series)
- WWF Green Office Certification for its Power Stations BQPS-II, KCCP, SGTPS and KGTPS.
- ISO- 50001, Energy Management System and ISO-55001, Asset Management System for BQPS-I, BQPS-II, KCCP, SGTPS and KGTPS.
The organization has a capacity to generate up to 55% of the electricity it distributes through its own systems.
KE’s fleet efficiency has increased from 30.4% in (Jul-Jun, 2009) to 45.9% (Jul-Jun, 2024)
Transmission & Distribution
KE’s upcoming T&D strategy significantly elevates previous efforts like TP‑1000 – this time with a balanced blend of capacity expansion, digital upgrades, and renewable energy integration, all under a Rs 392 billion NEPRA‑approved roadmap through 2030.
Infrastructure & Investments
- Total investment: Rs 392 billion (approved by NEPRA).
- Transmission network: Rs 238 billion
- Distribution network: Rs 137 billion
- Supporting systems: Rs 17 billion (cybersecurity, IT, others)
T&D Losses
- FYÂ 2023 T&D losses at 15.4%, marking a ~20.5 percentage point reduction since 2009
 Load‑shed Exemption
- Aerial Bundled Cables (ABC): Continued roll-out, converting over 12,500 PMTs to insulated cables as part of Project Sarbulandi
- Roughly 70% of Karachi is now load‑shed exempt, up from 36% in 2009—and from around 61% in previous years
- Coverage today spans over 2,100 feeders, with the remaining 30% experiencing up to 10 hours of controlled shedding
 Network Expansion & Capacity
- Building 13 new grid stations – Increasing grid infrastructure: from 52 to 74 grid stations.
- Adding 450Â km of new transmission lines
- Boosting transformation capacity to 755Â MVA (132Â kV) and 3,800Â MVA (220Â kV+)
- Strengthening and rehabilitating existing grid—with ~Rs 79 bn allocated to expand and maintain grid stations, Rs 41 bn for new lines, plus safety measures
- Implement network automation (SCADA, ADMS) funded at ~ Rs 8.9 bn to improve outage response and service quality
- Transmission capacity is up 104% and distribution capacity up 2.3× since privatization
Billing & Customer Experience
- The transition to SAP S/4HANA through Project IRTIQA marks a landmark in KE’s digital evolution fully implemented—streamlining billing and enhancing system transparency
- Genesys customer‑experience platform deployed, boosting call handling, complaint resolution, and customer feedback loops
Quality Certification
- 17 Integrated Business Centers (IBCs) and 4 departments ISOÂ 9001:2008 certified
Renewables & Transmission Integration
- Received NEPRA approval for 370Â MW of renewable energy projects:
- 100Â MW (Bela) + 50Â MW (Winder) solar plants
- 220 MW hybrid solar/wind/storage plant at Dhabeji—with a 20% grid margin for stability
- Allocation includes Rs 5.18 bn for 350 MW solar integration, plus Rs 7.16 bn for a 600 MW step-up station at Gharo, and Rs 5.66 bn for its transmission line
Health, Safety and Environment
KE has adopted an unwavering commitment to excellence in Health, Safety, Environment and Quality. The organisation firmly adheres to its motto of ‘No Compromise on Safety’.
Financing
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Capital Market
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Financing for 900 MW BQPS-III Project
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FMO Led Syndicate Financing
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Entity Credit Ratings
KE has a vast footprint in debt capital market via issuance of multiple short-to-long-term and privately placed capital market instruments.
- During August 2020, KE successfully issued a secured, rated & listed Sukuk of Rs. 25 billion which is the largest ever listed Sukuk in Pakistan’s private sector. The Sukuk has a tenor of 7 years, including 2 years grace period and has been rated AA+ (Double A Plus) by VIS Credit Rating Company Limited. Pre-IPO subscription amounting to Rs. 23.7 billion was successfully closed through private placement in January 2020, whereas the remaining portion of Rs. 1.3 billion was subscribed through public offering.
- KE continues its short-term Sukuk program by issuing privately placed STS with varying amounts and a tenor of 6 months to finance working capital requirements. Continued support of capital market to KE’s STS Programs has not only enabled the Company to maintain a diversified debt portfolio, but also to utilize financing limits of some of the banks for supporting strategic projects of the Company.
KE has arranged over USD 600 Million for 900 MW BQPS-III project which is financed through a combination of local and foreign debt. Financing envisaged for the 900 MW BQPS-III project is a combination of local and foreign debt. Foreign loans are backed by Export Credit Agency (ECA) insurance cover from Euler Hermes German (ECA) and Sinosure Chinese (ECA). The Company successfully achieved financial close of BQPS-III financing facilities in April 2022. Majority commitments secured under the foreign and local facilities have already been disbursed
KE successfully secured USD 100 million syndicate financing from Nederlanse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. (FMO) and Société de Promotion et de Participation pour la Coopération Economique (Proparco), Dutch and French Development Finance Institutions (DFIs) respectively, to enhance its transmission and distribution network. This syndicated facility will be used to support the electricity network by improving network safety and loss reduction.
KE has managed to ensure continuation of its long-term and short-term rating as AA and A1+ from PACRA and VIS. These Ratings certify an entity's creditworthiness and its ability to meet financial obligations. These have been issued based on independent assessments conducted by PACRA and VIS. These credit ratings reflect K-Electric’s strong financial position, sound management practices, and favorable credit profile.
Human Resources
KE’s People Strategy is centered on enabling, energizing, and empowering employees. With a strong focus on engagement and culture, the organization has implemented a Performance Management Framework and leadership development programs like LEAD and ETP. KE also leverages its social media presence to attract talent and promote its Employer Value Proposition (EVP).
Marketing & Communication
KE continues to contribute to the health of the communities in which it operates, maintaining a wide range of ESG activities to help build a better society for all.
