K-Electric Limited

KEL

PK0000501012

Electric Utilities

End-of-day quote Pakistan S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
4.58 ^PKR	-1.29%		+3.39%	-12.93%

Apr. 22	Shanghai Electric Power pulls offer to buy stake in Pakistan's K-Electric	RE
2023	K-Electric Limited Reports Earnings Results for the Full Year Ended June 30, 2023	CI

K Electric : Ratings of K-Electric Limited - Press Release issued by VIS Credit Rating Company Limited

April 17, 2020 at 12:35 pm EDT

April 16, 2020 (PPI-OT)

Following is the text of press release issued by VIS Credit Rating Company Limited

Quote

VIS Credit Rating Company Ltd. has reaffirmed the instrument rating of 'AA+' (Double A Plus) assigned to K-Electric Limited's (KE) Rs. 25 billion Sukuk. The Sukuk rating was previously finalized on February 13, 2020. KE's entity rating has also been reaffirmed at 'AA/A-1+' (Double A/A One Plus). Outlook on the assigned ratings is 'Stable'. The previous entity rating action was announced on October 14, 2019.

The assigned rating recognize the strategic importance of KE, a vertically integrated utility company, that has exclusive distribution rights in its service area i.e. Karachi and adjoining areas of Sindh and Balochistan. Impact of Covid-19 pandemic on the key operational and financial performance metrics including units sent out and recovery ratio would continue to be monitored by VIS. This rating action is being announced in order to comply with regulatory requirements.

For more information, contact:Director Compliance and Rating Analytics,VIS Credit Rating Company LimitedVIS House, 128/C, 25th Lane off Khayaban-e-Ittehad,Phase VII, DHA, Karachi, PakistanTel: +92-21-35311861-72Fax: +92-21-35311873Email: bilal@jcrvis.com.pkWebsite: https://www.vis.com.pk/

Unquote

Latest news about K-Electric Limited

Shanghai Electric Power pulls offer to buy stake in Pakistan's K-Electric	Apr. 22	RE
K-Electric Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-09-14	CI
Court backs majority owner of Pakistan's K-Electric holding firm over board tussle	23-08-18	RE
CAYMAN COURT ORDERS MINORITY SHAREHOLDERS IN PAKISTAN'S K-ELECTR…	23-08-18	RE
Oracle Power notes successful survey at green hydrogen plant	23-07-28	AN
Majority owners of offshore holding seek direct stake in Pakistan's K-Electric	23-07-12	RE
MAJORITY SHAREHOLDERS OF OFFSHORE HOLDING THAT OWNS MOST OF PAKI…	23-07-12	RE
Shanghai Electric Power Co., Ltd. cancelled the acquisition of 66.40% stake in K-Electric Limited from KES POWER LTD.	23-06-26	CI
Oracle Power signs deal for Thar power plant in Pakistan	23-05-16	AN
Oracle Power plc Signs Memorandum of Understanding for the Off-Take and Development of Thar Coal Power Plant	23-05-16	CI
K-Electric Limited Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023	23-04-27	CI
K-Electric Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022	23-02-26	CI
Pakistan says power grid restored after second major breakdown in months	23-01-24	RE
Pakistan begins restoring power after second major grid breakdown in months	23-01-22	RE
Shanghai Electric Power Co., Ltd. agreed to acquire a 66.40% stake in K-Electric Limited from KES POWER LTD.	23-01-19	CI
K-Electric Limited Reports Earnings Results for the First Quarter Ended September 30, 2022	22-10-27	CI
K-Electric Limited Announces Resignation of Ms. Sadia Khurram as Non-Executive Director	22-10-24	CI
K-Electric Limited Reports Earnings Results for the Full Year Ended June 30, 2022	22-10-04	CI
K-Electric Limited Appoints Mr. Mark Gerard Skelton as Chairman of the Company with Effect from August 11, 2022 in Place of Mr. Shan A. Ashary	22-08-11	CI
K-Electric Limited Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2022	22-04-27	CI
K-Electric Limited Announces Board Changes	22-04-04	CI
K-Electric Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2021	22-02-28	CI
K-Electric Limited Announces Management Changes	22-01-26	CI
Shanghai Electric Power Company Limited cancelled the acquisition of 66.4% stake in K-Electric Limited.	21-12-28	CI
K-Electric Limited Announces Board Changes	21-10-29	CI

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Company Profile

K-Electric Limited is a Pakistan-based company, which is principally engaged in the generation, transmission, and distribution of electric energy to industrial and other consumers. Its segments include Generation, Transmission and Distribution. The Company supplies power to all residential, commercial, industrial, and agricultural areas that fall under the city's ambit and beyond, serving over 2.5 million customers across Karachi, Dhabeji and Gharo in Sindh, and Uthal, Vinder and Bela in Balochistan. It produces electricity from its own generation units with installed capacity of about 1875 megawatts (MW) and in addition, it has arrangements with external power producers for around 1680 MW, which include 1100 MW from the national grid. Its transmission system consists of approximately 1354 kilometers of 220 kilovolts (kV), 132kV and 66kV lines, with 71 grid stations, 20 auto transformers and 181 power transformers. Its distribution network spans across 6,500 square kilometers.

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Electric Utilities

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