Tag Archives: For K-Electric

THE initial years of the erstwhile Karachi Electric Supply Corpor­ation’s (KESC) privatisation did not go well for the foreign group that had bought controlling stakes in the power utility in the first of its kind transaction in the country’s power sector in 2005. The owners, Aljomaih Group of Saudi Arabia, appointed a German chief executive officer, Frank Scherschmidt, and then …

Read More »