Karachi Electric Supply Company
Karachi Electric Supply Company Limited (KESC), 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 11,600 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.
Read more about Karachi Electric Supply Company: Integrated Business Centers (IBC), Virtual Integrated Business Centers (VIBC), Energy Crises in 1970s and 1980s, 1996 Army Took Control of KESC, Privatization, They Steal We Pay, Abraaj Capital
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