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HISTORY OF KESC
The electricity supply business in Pakistan is under two companies. For Karachi city and adjoining areas of Sindh and Balochistan, it is under Karachi Electric Supply Corporation (KESC). For rest of the Pakistan it falls under Water and Power Development Authority (WAPDA). Both companies operate their own networks and they are also interconnected to each other at two points. One is the Jamshoro – Bin Qasim link in East of Karachi and other is HUBCO-KESC link in West of Karachi. Both companies can provide power to each other through these links.
The Karachi Electric Supply Corporation Limited was incorporated on 13th September 1913 under the Indian Companies Act, 1882 as amended to date vide the Companies Ordinance 1984. The Company is listed on Karachi, Lahore and Islamabad Stock Exchanges. The Government of Pakistan took control of the Company by acquiring majority shareholding in 1952. The Ministry of Water and Power looks after the affairs of the Company till its privatization on 30th November 2005.
POWER GENERATION IN KESC
As of 2007, KESC owns 1756 MW of generation capacity which had overtime been degraded to 1336 MW. After some recent rehabilitation projects, the company has managed to enhance its generation levels to 1534 MW (source: Daily News, Aug 6, 2007). The approximate demand for power in the city is atleast 2300 MW. To meet the supply-demand gap, KESC purchases power from WAPDA, Independent Power Producers (IPP)s and KANUPP. Whenever any of these outside entities fail to provide power OR there is a breakdown in KESC’s own installed generation base, they have to resort to load shedding.
KESC currently buys 250 MW power from the Independent Power Producers (I ...