KESC reduces power outages for residential areas

KESC has announced the reduction in the duration of power cuts in the residential areas of Karachi.

 

A KESC spokesperson on Tuesday announced a reduction in the duration of power cuts after receiving 80 mega watts of power supply from Kanupp Nuclear power plant.

The duration of power outages will vary from seven to five hours in different areas. Industrial areas, however, continue to experience up to 12 hours of power cuts.

KESC adds coal-based power to system

KARACHI: The Karachi Electric Supply Company (KESC) has added 15 MW of electricity generation capacity to its network from coal-based power plant of Al-Abbas Sugar Mills Limited located in Dhabeji.

This is the first coal-fired power plant connected to the KESC network, the utility said in a press release on Monday. Tabish Gauhar, CEO, KESC, said that the company aims to add more power to its network to effectively manage the energy requirements of the city.

KESC, Oracle to set up Thar’s first coal power plant

KARACHI: The Karachi Electric Supply Company (KESC) has signed a Memorandum of Understanding (MoU) with Oracle Coalfields, a company incorporated in England and Wales and primarily engaged in coal drilling, exploration, mining and production, to set up a major coal-fired power plant at Thar Coalfields in Sindh.

An announcement to this effect was made in a statement issued by the KESC.

SECP allows KESC to issue right shares

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Friday allowed the Karachi Electric Supply Company to issue 14.5 per cent right shares to its existing shareholders.

An SECP official said that the commission had also directed the two majority shareholders Abraaj and the government of Pakistan to provide an undertaking on their part that the right shares would be subscribed by them and the unsubscribed would also be subscribed by the two partners.