KARACHI:K-Electric (KE) has failed to invest in upgrading their systems due to which it is facing difficulties at a time of peak demand, says a spokesperson for the energy ministry.

In an interview, Aneel Mumtaz, himself a former employee of the company said that in 2005, there were no such internal losses in the then KESC as against the claims made by its officials. The company was declared running in losses falsely so that it could be privatized.

He said the results of privatization included power being sold at 15 to 16 rupees per unit even though its production cost was only six rupees per unit. He claimed that NEPRA and the ministry of power too were involved in this fraud.

He further added, “Asian development bank also offered long term loan to KESC to revamp their supply system but these officials did not want it because of their own interest.”