Data & Intelligence

Impact Case Study: Karachi Electric Supply Company (KESC)

Abraaj Capital invested US$361 million for a 50% stake in May 2008.

Company Headquarters:  Pakistan
Business focus:  Generation, transmission and distribution of electricity
Revenue:  US$1.2 billion (FY 2010)
Employees:  18,000

impact highlights

  • Abraaj developed a line loss reduction model—Integrated Business Centres (IBCs)—that ended the split between the commercial and technical sides of the business and reduced losses by 8% over two years
  • KESC put in place maintenance systems and overhaul cycles for existing generation plants, improving fleet efficiency by 3%
  • New management turned around a 220 MW plant within one year, re-negotiated a contract for a 560 MW plant and commissioned two new 90 MW plants, adding 1000 MW to the city’s grid
  • Abraaj focused on a stakeholder engagement strategy in parallel to operational transformation; it engaged customers and employees in open and continuous dialogue and partnered with government, business and the media to improve KESC’s broken reputation
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