Syed Moonis Abdullah Alvi has been re-appointed CEO K-Electric, and is already KE’s longest-serving chief.
Alvi joined KE in 2008, and became CEO in 2018. This brings his number of years at the position at 7 years, which is the longest tenure for the post-privatisation period.
He brings to the helm 30 years of diversified financial experience and has led the creation of a future-ready entity by emphasizing digitisation, customer centricity and investments across the energy value chain.
K-Electric (KE) is a public listed company incorporated in Pakistan in 1913 as KESC. Privatized in 2005, KE is the only vertically integrated power utility in Pakistan supplying electricity to Karachi and its adjoining areas.
The majority shares (66.4%) of the Company are owned by KES Power, a consortium of investors including Al-Jomaih Power Limited of Saudi Arabia, National Industries Group (Holding) of Kuwait, and KE Holdings (Formerly: Infrastructure and Growth Capital Fund or IGCF). The Government of Pakistan is also a shareholder (24.36%) in the Company while the remaining are listed as free float shares.