Ali Sheikhani, a Pakistani-American entrepreneur based in Houston, Texas, has made headlines with his bold statement about buying K-Electric, Karachi’s main power supplier. Using Instagram, Sheikhani expressed his desire to purchase the company, aiming to solve the long-standing issue of load shedding in Karachi. He highlighted that Karachi residents endure frequent power outages, which disrupt their lives and expose them to various dangers, including theft and violence during mobile snatching incidents. Sheikhani’s vision is not about profiting from the city but rather providing a stable power supply to its middle-class citizens, whom he feels a strong connection with.
Ali Sheikhani Group
Ali Sheikhani is the chairman of the Sheikhani Group of Companies, which he founded in 2012. The Sheikhani Group has rapidly expanded its portfolio to include retail chains, gas stations, shopping plazas, construction firms, and restaurants. The group’s focus on property acquisition and development has positioned it as a key player in the retail, energy, and mining sectors, with a commitment to delivering quality experiences.
Ali Sheikhani K-Electric News
The news of Sheikhani’s interest in K-Electric comes at a critical time. K-Electric has recently requested the National Electric Power Regulatory Authority (NEPRA) to approve a significant increase in Karachi’s base electricity tariff, from Rs33 to Rs44 per unit. This hike is part of K-Electric’s broader investment strategy to enhance the city’s power infrastructure, including plans to build 14 new grid stations and install 550 kilometers of transmission lines over the next seven years.
With Karachi’s ongoing struggles with power outages and high electricity costs, Ali Sheikhani’s proposal to buy K-Electric is a bold move that has caught the attention of many. His commitment to the welfare of Karachi’s people and his promise to improve their quality of life through reliable electricity could make him a transformative figure in the city’s future.
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