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Karachi, May, 03 2013 (PPI-OT): Karachi Electric Supply Company, in line with its Climate Change Policy, has signed a Memorandum of Understanding with Philips Pakistan aimed at formulating a joint strategic plan for promoting energy conservation and efficiency. Nayyer Hussain, CEO of KESC, and Asad S. Jafar, Chairman and CEO …
Read More »Chairman Karachi Electric Supply Company says sustainability goals in the company works in harmony with operational and financial goals of the organizations
Karachi, April 11, 2013 (PPI-OT): KESC’s Chairman, Tabish Gauhar, recently addressed two classes at the Harvard Business School and presented KESC’s turnaround story that revolves around a unique value creation model that ensures environmental, social and governance (ESG) gains as means to sustainable economic and financial value creation. Harvard Business …
Read More »Karachi Electric Supply Company signs deal with General Electric International Inc. for maintenance of gas turbines
Karachi, March 21, 2013 (PPI-OT): Karachi Electric Supply Company has signed a long term service agreement with General Electric International Inc. for maintenance of the gas turbines of its newly commissioned prime project, 560-MWs Bin Qasim Power Station-II. KESC originally purchased the three gas turbines from GE France for the …
Read More »Karachi Electric Supply Company L and Textile City sign 50mw Uninterrupted Power Supply Agreement
Karachi, February 20, 2013 (PPI-OT): Pakistan Textile City and Karachi Electric Supply Corporation (KESC) signed today an agreement for 50MW uninterrupted power supply. The agreement was signed by Dr. Mirza Ikhtiar Baig, Chairman Pakistan Textile City and MD KESC Nayyer Hussain at a ceremony held at KESC Head Office Karachi, …
Read More »Karachi Electric Supply Company receives $25 million each from International Finance Corporation, Asian Development Bank
Karachi, December 20, 2012 (PPI-OT): Karachi Electric Supply Company has confirmed receiving the investment of USD 25 Million each, from International Finance Corporation (IFC) and Asian Development Bank (ADB), which now makes these two Multilateral Agencies, equity holders in KESC. IFC (a member of the World Bank Group) and ADB …
Read More »Karachi Electric Supply Company to promote social entrepreneurship for sustainable development
Karachi, December 05, 2012 (PPI-OT): Karachi Electric Supply Company, to promote social entrepreneurship as a means to sustainable development, held the second session of the Thought Leadership Forum titled: “Social Entrepreneurship and its Impact on Sustainable Development.” KESC’s CEO Mr. Tabish Gauhar, in his welcome address, said that “KESC had …
Read More »Karachi Electric Supply Company declare that International Finance Corporation, Asian Development Bank who are lenders of $275 million want to partially convert their debt into equity
Karachi, November 29, 2012 (PPI-OT): Karachi Electric Supply Company has declared through a statement that two of its debt financiers, International Finance Corporation (IFC) and Asian Development Bank (ADB) who are lenders of US$275 million to KESC have expressed their intent to partially convert their debt into equity. Each of …
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