January 05, 2024 (MLN): With the K-Electric Limited (PSX: 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.
