KEL opens doors for new investors: Energy Minister

MG News | January 05, 2024 at 05:29 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 05, 2024 (MLN): With the K-Electric Limited (KEL)’s hurdles addressed, the company is now better positioned to reignite the interest of potential and new investors, Caretaker Minister for Power and Petroleum, Muhammad Ali said in a video message.

To recall, Shanghai Electric had previously expressed interest in K-Electric; however, the deal had not materialized.

Furthermore, Muhammad Ali stressed that the government's assertive stance in addressing bold and complex issues underscores its commitment to resolving critical matters in the energy sector in the future as well.

The Minister stated that the resolution of K-Electric's issues is considered a landmark day for Karachi, paving the way for a reduction in the city's electricity-related challenges if KE is sustainable.

He appreciated the critical role played by the Caretaker Prime Minister Anwar-ul-haq Kakar, Finance Minister Dr Shamshad Akhtar, Ministry of Energy, Finance Division, and KE team.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	165,596.07 264.75M	-0.54% -902.76
ALLSHR	100,017.71 623.24M	-0.46% -463.69
KSE30	49,464.92 86.97M	-0.60% -299.08
KMI30	238,952.40 97.00M	-0.58% -1388.16
KMIALLSHR	65,314.16 323.73M	-0.44% -285.47
BKTi	44,788.98 46.84M	-0.77% -347.65
OGTi	35,107.09 7.04M	-0.41% -145.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,700.00	81,895.00 79,680.00	-1920.00 -2.35%
BRENT CRUDE	108.12	109.68 106.26	2.40 2.27%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-2.95 -2.61%
ROTTERDAM COAL MONTHLY	109.00	109.00 108.75	1.25 1.16%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	99.39	100.94 97.23	2.47 2.55%
SUGAR #11 WORLD	14.76	15.07 14.72	-0.23 -1.53%