K- ELECTRIC & Shanghai Electric, Deal Collapse After 9 Years

Описание: Description

Shanghai Electric signed an agreement in 2016 to buy 66.4% shares of K-Electric (KE) from Abraaj Group/KES Power Ltd for $1.77 billion. The deal, however, faced multiple delays due to tariff disputes, regulatory hurdles, and government approvals. Despite repeated attempts, Shanghai Electric never became an actual shareholder of KE. In 2025, the Chinese company officially terminated the plan, ending nearly a decade-long wait. KE remains under its previous ownership structure, while Shanghai Electric’s exit closes a key chapter in Pakistan’s power sector investment story.


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🔑 Keywords

Shanghai Electric, K-Electric, KE Pakistan, Abraaj Group, KES Power, 2016 KE deal, Pakistan energy sector, Shanghai Electric stake, KE shares, Pakistan power news, KE ownership


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