(Bloomberg) -- Karachi Electric Supply Co., a
former state-run company that was privatized 18 months ago,
expects to break even by April, 2009 and reverse more than a
decade of operating losses, the chief executive officer said.
The company expects to raise 29 billion rupees ($478
million) in three years to replace transformers, install
digital meters and maintain the 50,000 kilometer-long network,
Syed Muhammad Amjad, a retired army official, who took the helm
in April, said in an interview yesterday. The company will
invest a further $550 million to complete two power plants.
Read more at Bloomberg Energy News
former state-run company that was privatized 18 months ago,
expects to break even by April, 2009 and reverse more than a
decade of operating losses, the chief executive officer said.
The company expects to raise 29 billion rupees ($478
million) in three years to replace transformers, install
digital meters and maintain the 50,000 kilometer-long network,
Syed Muhammad Amjad, a retired army official, who took the helm
in April, said in an interview yesterday. The company will
invest a further $550 million to complete two power plants.
Read more at Bloomberg Energy News
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