In accordance with Section 96 and Section 131 of the Securities Act, 2015 and Clause 5.6.1(a) of the Rule Book of Pakistan Stock Exchange Limited, we hereby enclose a disclosure form, as required pursuant to SRO 143(I)/2012 dated December 05, 2012, as 'Annexure-A', conveying the material information concerning the Company.
You are requested to disseminate the information to the TRE Certificate Holders of the Exchange accordingly.
Yours sincerely,
Rizwan Pesnani
Chief Risk Officer & Company Secretary
Encl.: As above
K-Electric Limited
39-B, KE House, Sunset Boulevard, DHA- Phase 2, Karachi, Pakistan
Annexure-A
DISCLOSURE FORM
IN TERMS OF SECTION 96 AND 131 OF THE SECURITIES ACT, 2015
Name of Company:
K-Electric Limited
Date of Report:
20 May 2024
Name of Company as
specified in its Memorandum:
K-Electric Limited
Company's registered office:
KE House, 39/B, Sunset Boulevard
Phase II, Defence Housing Authority, Karachi
Contact information:
Rizwan Pesnani, Chief Risk Officer & Company Secretary,
K-Electric Limited
Disclosure of price sensitive/inside information by listed company
In accordance with Section 96 and Section 131 of the Securities Act, 2015 and Clause 5.6.1(a) of the Rule Book of Pakistan Stock Exchange Limited, we hereby convey the following:
K-Electric Limited ("KEL") is pleased to announce that the National Electric Power Regulatory Authority (NEPRA) has approved KEL's Power Acquisition Programme (PAP) for the period FY 2024 to FY 2028.
KEL had applied to NEPRA for approval of PAP for the period FY 2023-24 till FY 2029-30 on 20 March 2023, in compliance with the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997 (XL of 1997) (the "NEPRA Act") read with the NEPRA (Electric Power Supplier) Regulations, 2022 and the NEPRA (Electric Power Procurement) Regulations, 2022.
The key objective of KEL's PAP is to develop a long-term capacity expansion plan to meet the energy demand in a reliable, sustainable and cost-effective manner as the Supplier of Last Resort (SoLR) for its licensed service territory.
The Company has duly caused this form/statement to be signed/on its behalf by the undersigned hereto duly authorized.
Sincerely yours,
For and on behalf of
K-Electric Limited
Rizwan Pesnani
Chief Risk Officer & Company Secretary
K-Electric Limited
39-B, KE House, Sunset Boulevard, DHA- Phase 2, Karachi, Pakistan
Attachments
Original Link
Original Document
Permalink
Disclaimer
K-Electric Ltd. published this content on
20 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
20 May 2024 11:04:23 UTC.
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.
K-ELECTRIC LIMITED 
