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Karachi Electric Supply Company

Company nameKarachi Electric Supply Company Limited
Company typePublic
IndustryElectricity Generation, Transmission and Distribution (installed capacity 1,739 MW)
FoundedSeptember 1913
Key peopleTabish Gauhar, CEO ; Nayyer Hussain, COO
Revenue(+)PKR 49.606 billion (2007-08)
Total assetsPKR 93.076 Billion
Owner(s)ABRAAJ CAPITAL through KES POWER & The Government of Pakistan
Employeesover 17000

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Karachi Electric Supply Company Limited (KESC), (formerly Karachi Electric Supply Corporation) was incorporated in 1913 via the Indian Companies Act of 1882. In 1952, the Government of Pakistan (GoP) acquired a majority shareholding of KESC. KESC is the only remaining vertically integrated power utility in Pakistan and has exclusive franchise rights to serve Karachi, Pakistan’s largest city, and its surrounding areas. The Company has about 18,000 employees; its network spans an area of 6,000 square kilometers and serves roughly 2 million customers. Listed on all three of Pakistan’s stock exchanges, KESC has a market capitalization of nearly US$ 725 million and generated revenues of nearly US$ 1 billion in fiscal year 2008.

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