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AsiaPak Investments has obtained 54 percent shares of K-Electric and announced providing cheap electricity to the citizens of Karachi.
The news was officially announced by the head of Asia Pak Investment Shehryar Chishti that the company will provide cheap electricity to the citizens of Karachi.
AsiaPak Investments
AsiaPak Investments Limited (AsiaPak) is a private investment firm with operational assets in Pakistan and Hong Kong.
Cheap electricity
The control of K-Electric will soon come to Asia Pak, as 54 percent shares of K-Electric have been acquired by Asia Pak.
The investment of $2.5 billion to $3 billion will be made in the next five years for cheap electricity, and wind, coal, and solar energy will be invested for cheap electricity.
Wind and solar will generate 3000 MW of cheap electricity for Karachi in the next five years.