40943-014: PAK: KARACHI ELECTRIC SUPPLY COMPANY LTD. (KESC) POST-PRIVATIZATION REHABILITATION, UPGRADE & EXPANSION
Project Data Sheet (PDS): Overview
The assistance finances the turnaround of KESC, a loss-making, integrated utility with an exclusive license to supply electric power to the city of Karachi and surrounding areas. Following nationalization of KESC in the 1950's, ADB has supported KESC with several loans over the last 30 years through its public sector operations. Initially, ADB's assistance was mainly directed towards upgrading of physical assets, but with an acknowledged lack of focus on governance and management reform. ... Read More
|Borrower/Equity Investment Name||K-ELECTRIC LIMITED (FORMERLY KARACHI ELECTRIC SUPPLY C|
|Type or Modality of Assistance||
|Financing||Private sector (Nonsovereign)|
|Approval Date||29 May 2007|
|Closing Date||31 Mar 2010|
|Geographical Location||Karachi, Pakistan|
|Subsector||Electricity transmission and distribution|
Indigenous People: C
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