Saudi Arabia’s Al-Jomaiah Group has sought early resolution of payables and receivables of K-Electric (KE) and urged the govt. and public sector entities to facilitate the power utility’s takeover by China’s Shanghai Electric Ltd. The govt. had assured the Saudi investor that it will extend support in expediting the process of approvals so that held up Tariff Differential Claims of about PKR 275Bn on a principle basis are released at the earliest.
18/3/2021