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In line with its status as a major port and the country's largest metropolis, it accounts for most of Pakistan's revenue generation. According to the Pakistan Federal Board of Revenue's 2006-2007 year-book, tax and customs units in Karachi were responsible for 70.75% of direct taxes, 33.65% of federal excise tax, and 23.38% of domestic sales tax. [3]
The hydropower plants were retained by WAPDA as WAPDA Hydroelectric. All are fully owned by the government. K-Electric Limited (formally known as Karachi Electric Supply Company), which is responsible for power generation and distribution in the Karachi area, is listed on the stock exchanges and is privately owned.
Distribution companies (DISCOs) are companies under Pakistan Electric Power Company (PEPCO) responsible for distribution of electricity in their respective allocated areas. . They buy electricity from producers such as Water and Power Development Authority (WAPDA), GENCOs, PAEC and other private Independent Power Producers (IPPs) and sell it to their respective area custome
Hub Power Company (Hubco) was founded in 1991. [5] The project was funded by $770 million in loan agreements and $325 million in equity from international investors. [6] The major investors included National Power with 20.4 percent shareholding, Xenel with 14.5 percent, and Entergy with a 10 percent holding.
K-Electric (KE), formerly known as Karachi Electric Supply Company or Karachi Electric Supply Corporation Limited, is a Pakistani utility company based in Karachi. Privatised in 2005 KE is the only vertically integrated utility in Pakistan supplying electricity within a 6500 km square territory including Karachi and its adjoining areas.
In Pakistan, nuclear power is provided by six commercial nuclear power plants with a net capacity of 3,262 megawatts (3.262 GW) from pressurized water reactors. [1] In 2021, Pakistan's nuclear power plants produced a total of 15.3 terawatt-hours of electricity, which accounted for roughly 10% of the nation's total electric energy generation.
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K-Electric Bin Qasim Power Station (BQPS) is a thermal power plant fueled by natural gas and fuel oil located near Port Bin Qasim, Karachi, Sindh. [ 1 ] It consists of two units, BQPS-1 and BQPS-2.