Group M Farooq Mithan Kumar Manoj Kumar Amjad Ali Abro (1135154) (1135151) (1135150) (1135280) Supervised By:

Saba Naseer

Karachi Electric Supply Corporation is the Biggest company in the Pakistan, where 11600 employees work over there at current and it is also one of the oldest company in Pakistan it was established before the independence of Pakistan, and incorporated in 1913, under the Indian act of 1882, and K.E.S.C became Nationalized in 1952.

On November 29, 2005 it was re-privatized. In 2008 K.E.S.C management had been changed.

Circular Debt: Power Purchase Agreement (PPA) Generation & Transmission Human Resources Business Operations Theft Technical Labor Issues

Has K.E.S.C Control on

Management crises Billing mismanagement and poor customer Resolve the Employee issues Technical losses Anti theft System

Research design It is a Qualitative analysis with exploratory in nature.

Methodology It cites in-depth analysis of data through structured questionnaire and interviews from middle and top management. Research instruments data availability through; Primary data Secondary data

Population and Sample Population : 100 Sample size: 50

Treatment of data Ms excel 2007 Represent data by Graphs

Company literature

(K.E.S.C) is an electric power utility company dealing above 2.1 million consumers in Karachi city.
It works in around 6000 km of enormous region to furnish electricity. K.E.S.C has caused circular debt and failed to pay over Rs120 billion dues of SSGCL, PSO and WAPDA, causing financial losses to these organizations.

Local Literature In Pakistan effective privatization era started from 1991.

When K.E.S.C was handed over to Abraaj capital, it became the private sectors first step to hire a new management and the very first was to make the plan for restructuring. When K.E.S.C lay off the 4000 worker, the workers made the entire city restless and due to such these situations K.E.S.C operations almost got dysfunctional.

Foreign literature

Chinese Electric Power Market stepping into E-commerce

China is having a proactive approach towards the problems like China uses information technology in its electric power industry: in the beginning of 1960. As a result of these efforts Chinese electric power industry and government took for reform power sector and got many benefits like increasing of economical profit, the improvement of power dispatching ability and managerial level.

California Failed Electric Power Industry Reforms

California had many issues which relates there power sector and most crucial issue was that utility price of electricity was too high The reason for these high prices of electricity was the raw material they have used like natural gas, oil prices showing upward trend and the other reason was increase in demand of electricity consumption. Government had no plan for future to generate the electricity.

Electric power services: recent reforms in selected foreign markets:

The researcher investigated markets reforms in various countries named Australia, Argentina, Brazil, Canada, Chile, European Union, Japan, Venezuela and New Zealand. These countries constitute 35 percent of global electric power consumption. These changes especially; technology is boosting the restructuring reforms which has increased the efficiency in power generation cost. The reform program contains domains for restructuring are, market restructuring, privatization, vertical restructuring and regulatory reforms.

The restructuring of K.E.S.C may also help PSO and SSGC to build solid business relationships by supplying furnace oil and gas properly to electric giant companies to generate and distribute the electricity. Other giant electric companies (WAPDA, HESCO, SEPCO. PEPCO etc.) Can control electricity short fall by restructuring.

Restructuring K.E.S.C will also support other electricity supply companies about performance management at all levels to hold and manage actual and proper resource for generation and distribution of electricity to the end point.
This report will also help out reader to go for major electricity generation projects such as coal project etc. by restructuring.

Main purpose of this restructuring was to generate electricity, move to the profit side and control on overstaffing brings the whole organization in a systematic way and will generate the revenue. For future Prospect K.E.S.C has made long term strategy and better policy for reaching at maturity level and make it profitable. Their main focus is on the bill recovery, customer care employee development and control on theft system. Overall summary of this whole research is that whole process of restructuring company have faced many hurdles from the employees and from the government as well, although the whole process have been implemented successfully and most of the respondent also commented that restructuring had positive effect on K.E.S.C and within few years K.E.S.C will solve the all problem and reach at the profit side.

K.E.S.C will have to make some strategies about employees development and provide competitive salary and benefits, as they become motivate and loyal with K.E.S.C. Mission and vision playing important role for achieving something so, K.E.S.C should have to clear a vision and mission and align employees goal with the organizational goal. Now a days technology getting more popularity in the world so, K.E.S.C should have to update yourself and get ideas from developed countries how did they manage our self. K.E.S.C has to think out of box, extend the circle from distribution to the generation and install the research and development department so they will give the innovative idea for generating the cheap electricity.