K-Electric warns of more load shedding in Karachi
K Electric requests to increase electricity price by more than Rs 1.5
Karachi Electric has warned about more load shedding in the provincial capital of Sindh.
On social media web site twitter, the spokesperson of K-Electric, Imran Rana said, “the increased costs of fuel in global markets are impacting KE’s ability to purchase and generate affordable power. We are engaged with our fuel suppliers & IPP partners for flexible payment timelines in this extraordinary situation.
K-Electric earns 9.443 billion net profit in 9 month
He further said in extenuating circumstances, if fuel supply is curtailed, KE may have to ration power supply. An updated load shedding management schedule will be made available on KE website and other customer facing channels.
Last year, K-Electric (KE) earned net profit of PKR 9.443 billion for the period under review, and an Earnings Per Share (EPS) of PKR 0.34. This was reported at the company’s board of directors meeting held, said spokesman after that meeting.
The Board of Directors were reported a net profit of PKR 9.443 billion for the period under review, and an Earnings Per Share (EPS) of PKR 0.34. This includes PKR 8.8 billion actual write-off claim as per the mechanism provided under KE’s MYT.
According to KE statement, during the period under review, the company’s financial and operational performance improved as the macroeconomic environment gained momentum along with continued investments of over PKR 57 billion across the power value chain.
