KESC’s Performance, is it due to the Financial Crisis at KESC?
Karachi Electric Supply Co. (KESC) is power utility company serving more than 2.1 million consumers. It covers around 6000 km of vast area to supply electricity. It has been more than 10 to 20 years that this company is suffering from poor financial position due to which it is not able to fulfill the required demand of Karachi city and hence load shedding and power outages have been caused. This paper is an effort to gauge the impact of financial crises which have been faced by the KESC on its performance to produce and provide energy to its consumers. Various accounting variables which include Profitability Ratio, Long Term Solvency Ratio, Short term Solvency ratio, and Shareholder’s Investment Ratio which have been recorded for the period of financial crisis (2007:07 to 2010:06) have been used as the proxy of financial crises at KESC. The findings concluded that the long term solvency and short term solvency have the significant impact on energy productions at KESC.
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- Hasan, Syed Akif & Subhani, Muhammad Imtiaz & Osman, Ms. Amber, 2012. "The energy short fall and its after effects (a case study for Karachi city in context to Karachi electric supply corporation)," MPRA Paper 37663, University Library of Munich, Germany.
- Qazi Muhammad Adnan Hye & Sana Riaz, 2008. "Causality between Energy Consumption and Economic Growth: The Case of Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 13(2), pages 45-58, Jul-Dec.
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