ISLAMABAD – In a positive development, Pakistan seek yet another investmentworth $3 billion, Media Report has revealed.
K-Electric seek investment of $3 billion over the next four years acrossits value chain. This was stated by KE Chief Financial Officer AamirGhaziani at the Corporate Analyst Briefing session held at the PakistanStock Exchange (PSX) on Wednesday. K-Electric CEO Moonis Alvi was alsopresent on the occasion.
The participants were informed about the company’s financial performanceand continued operational improvements, including growth in sent-out,reduction in T&D losses and sustained improvement in recoverylevels,Pakistan Today has reported.
These improvements were underpinned by investments of more than $2.4billion from FY2009 to FY2019, in all business verticals, includinginvestments of over $960 million in the last three years alone.
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The CFO said in order to maintain this growth momentum, investments ininfrastructure across the value chain is crucial, including a 900MWRLNG-based BQPS-III, a 700MW coal-based IPP project, and transmission &distribution related projects.
