Moonis Alvi, CEO K-Electric, met Asian Development Bank’s Deputy Director General Cathy Marsh and her team, to discuss areas of mutual cooperation.
The meeting discussed ADB’s potential role as a financer in KE’s $2.0 billion investment plan to strengthen Karachi’s power infrastructure.
They also reviewed MYT progress, including generation tariff determination, and emphasized the need for a sustainable transmission and distribution tariff to support KE’s long-term stability and continued investment in the city’s energy future.
In a separate development, KE CEO Moonis Alvi met with the Asian Development Bank’s (ADB) private sector operations team, led by Deputy Director General Cathy Marsh, to explore areas of mutual cooperation and investment in Karachi’s power sector.
Discussions focused on KE’s ambitious $2.0 billion investment plan aimed at strengthening the city’s power infrastructure, with ADB’s potential role as a financer being a key area of interest.
The engagement reinforced KE’s commitment to sustainable growth and ensuring a reliable power supply for Karachi.
