please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article includes a list of references but its sources remain unclear because it has insufficient inline citations . please help to improve this article by introducing more precise citations . july 2014 learn how and when to remove this template message this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . june 2013 learn how and when to remove this template message learn how and when to remove this template message k electric logo of k electric type public traded as kse kel industry electricity generation transmission and distribution installed capacity 1 827 mw predecessor karachi electric supply company founded september 1913 1913 09 headquarters ke house 39 b sunset boulevard phase ii defence housing authority karachi pakistan area served karachi pakistan key people tayyab tareen chief executive officer syed moonis abdullah alvi chief financial officer dale sinkler chief generation & transmission officer eram hasan chief supply chain officer syed fakhar ahmed chief marketing & communications officer shoaib baig chief peoples officer revenue pkr 190.358 billion 2014 15 net income pkr 28.324 billion 1 total assets pkr 367.56 billion owner abraaj group through kes power & the government of pakistan number of employees over 10 962 as of 31 dec. 2012 website www.ke.com.pk k electric formerly known as karachi electric supply company limited and commonly referred to as ke is a pakistani vertically integrated electric corporation involved in generating transmitting and distributing power to around 20 million inhabitants of karachi . it employs over 11 000 people and covers an area of 6 500 square kilometers with industrial commercial agricultural and residential areas falling under its network . 2 k electric was incorporated on 13 september 1913 under the now repealed indian companies act 1882 currently companies ordinance 1984 . in 1952 the government of pakistan took control of the company by acquiring majority shareholding of kesc . in 2005 the government privatized k electric . in 2009 the abraaj capital a leading private equity firm based in dubai bought the power utility for a significant equity stake in the company . abraaj group fully controls ke via the holding company kes power limited which holds 72.58 % of its shares . the management of ke is run by a management team headed by tabish gauhar who was appointed as the ke s chief executive officer in november 2009 and has taken over as the chairman of ke s board of directors effective 12 february 2013 . nayyer hussain who was serving as an executive director and chief distribution officer since 2010 assumed the role of chief executive officer effective 12 february 2013 till 27 november 2013 when mr. tayyab tareen was appointed as the chief executive officer who has been associated with the company from 2009 having served as the chief financial officer and chief strategy officer . contents 1 history 1.1 1913 1933 ke was formed 1.2 1933 1947 phenomenal consumer growth 1.3 in 1952 nationalization 1.4 1960 1970 deterioration 1.5 1970 1980s energy crises 1.6 1994 2005 pakistan army took management of ke 1.7 privatisation 1.8 abraaj group 1.9 investment profit and the turnaround 1.10 term finance certificates 1.11 largest employee engagement program in the history of pakistan 1.12 power generation & transmission 1.13 integrated business centers ibc 1.14 corporate social responsibility excellence award 1.15 social investment plan 1.16 thought leadership forum 1.17 campaigns 1.18 online bill payment 1.19 aerial bundle cable abc 1.20 coal biogas and lng 1.21 power plants 1.22 the rebrand 1.23 new identity 1.24 check bill online 2 see also 3 references 4 external links history edit 1913 1933 ke was formed edit a century ago a company was formed to serve the power needs of a small port town called karachi . this was the humble beginning of karachi electric supply company . known as the city of lights karachi was at the very centre of individual dreams and national aspirations . 1933 1947 phenomenal consumer growth edit the power needs of the country increased following independence phenomenal population growth and unplanned geographic expansion . today it represents a very complicated power utility system that energizes lives of over 20 million people ; spread over 6 500 square km across karachi & its adjoining areas such as uthal bela & vinder . in 1952 nationalization edit the government of pakistan gop took control of the company by acquiring majority shareholding of ke . 1960 1970 deterioration edit ke was a profit making utility but due to lack of vision resource management corruption false practices negligence ignorance political influence etc. it started to weaken the company rapidly . 1970 1980s energy crises edit in the 1970s and 1980s pakistan suffered from intense power shortages which led subsequent governments to realize that a serious power crisis was in the offing . with a view towards encouraging private investment in the country s power sector the government of pakistan started off by providing lucrative incentives to foreign investors through various policies first of which was initiated in 1994 . through the 1994 power policy establishment of independent power producers ipps was encouraged to provide pakistan with much needed investment in the power industry . 1994 2005 pakistan army took management of ke edit in 1994 the declining health of ke gave rise to the suggestion of transferring it into private hands . during the interim period between 1994 and 2005 army management was instated at the state utility to stabilize the company s operational and financial health . privatisation edit during 2002 and 2003 incentives were introduced in preparation for ke s privatisation which eventually finalised on 29 november 2005 with a 71 % transfer of ownership to a consortium of the saudi al jomaih group of companies and kuwait s national industries group nig with the government still retaining around 26 % stake . the privatised consortium was unable to improve the company s financial and operational crisis . abraaj group edit in the earlier part of 2009 saudi al jomaih approached the abraaj group a leading private equity firm in growth markets with a proposal for a potential stake in ke . the deal was eventually finalised in may 2009 at a ticket price of 361 million for a significant equity stake in the company which granted abraaj group full management control . abraaj group brought in a professional management team with over 41 senior managers to immediately address the management affairs at ke . currently the team is headed by chairman tabish gauhar and ceo tayyab tareen . investment profit and the turnaround edit after decades of financial illness ke has remarkably achieved an important milestone of becoming a profitable entity . from 2009 to 2012 ke witnessed an unprecedented us 1 billion shareholders equity investment major overhauling of its technical resources wide ranging capacity and efficiency improvements and an effective management . these much needed interventions have enabled ke to get back on the sustainability track . while a profit of pkr 3.73 billion 2014 15 seems insignificant when compared with the financial investment made it is indeed a step towards a sustainable future . during the last few years ke has been successful in arranging substantial funds for its development project from ifc adb and oekb and many local financial institutions . that coupled with the capital injection has enabled ke to add over 1010 megawatts of new and efficient generation capacity and significantly enhance its transmission and distribution capacities . efficiency gains have really helped the company improve its operating performance over the past few years . in november 2012 k electric received us 50 million from two of its debt financiers international finance corporation ifc and asian development bank adb who are lenders of us 275 million to ke . each of the two institutions has invested us 25 million equivalents in the common shares of the power utility thus translating into an equity infusion of us 50 million equivalents and with another recent investment of us 300 million to enhance the reliability and performance of the transmission network . term finance certificates edit in july 2012 ke declared that the first ever utility sector bonds issued by it the rs . 2 billion azm term finance certificates have been fully subscribed . the history making venture received an overwhelming response from investors such that the entire subscription has been completed within the first six weeks of the three month period which is reflective of the confidence reposed in ke s certificates . in january 2014 ke introduced pakistan s first sharia compliant investment certificate named sukuk . like its predecessor azm the sukuk certificates is also expected to set new records in sales and add to the trust of the ke consumers . largest employee engagement program in the history of pakistan edit ke declared 2012 as the year of turnaround and organized azm tameer e nau conference spread over 45 sessions during the year in which all its 10 962 employees took part . the conference was aimed at transformation of the company mindset and to convert the once government controlled half working utility into an efficient effective and successful entity . the azm conference expressed the unanimous commitment to transform ke into a truly customer centric private entity . the employees pledged to reinforce the common goal to restore karachi to its former glory as the city of lights . power generation & transmission edit by 2012 ke achieved gross dependable generation capacity of 1670 megawatts . the latest addition to its generation fleet took place in may 2015 when its korangi plant saw the addition of another combined cycle unit . this added another 27 mw to the existing 220 mw that the power plant was generating . before that in april 2012 ke s newly constructed prime power station called bin qasim power station no . ii started to generate 560 additional megawatts when it was converted to combined cycle technology . overall 1037 mws had been added to ke s installed power generation capacity from january 2009 to may 2015 by construction of new power plants improvement of existing fleet efficiency by 21.7 per cent through the measures stated above in addition to the replacement of old machines with highly efficient machines timely and digital annual maintenance and overhaul of bin qasim power station i s old units and by optimum dispatch of electricity . reliability of the system has been improved by reducing unit tripping by 33 % and by 31 % reduction in the loss of un served energy . ke s 180 mw ge jenbacher gas engines project has been awarded best fast track project silver award and best plant in the region title by asian power magazine . also 768 mva have been added to ke s transmission capacity through construction of 12 new grid stations bringing the total number of grid stations to 64 and installation of 16 new transformers at existing grid stations . a total of 63 kilometre new transmission lines have been laid down enhancing the network from 1186 to 1249.32 kilometers while 124 kilometer extra high tensions lines have been rehabilitated . with addition of 18 new circuits to the network the total number of circuits has come to 118 . with that transmission losses have been reduced from 4.19 % in 2008 to 1.40 % in 2015 . integrated business centers ibc edit to provide one window service to customers ke management launched 29 ibcs integrated business centres across karachi catering to all customer related issues from new connections to bills amendment and faults repair . the ibcs were established after clubbing maintenance centres and billing zones . in june 2011 ke also