KE Ventures Appoints Adeeb Ahmad as CEO
In a step towards diversifying services beyond core utility operations, the Board of Directors of KE Ventures Company Limited (KE Ventures), a wholly-owned subsidiary of K-Electric Limited (KE) established in 2020, has appointed Adeeb Ahmad as CEO.KE Ventures is the strategic investment arm established to serve Karachi’s residents and entrepreneurs with services across the entire energy value-chain, marking an elevation in KE’s approach. Having deployed capital of over PKR1.3 billion in its first business, K-Solar, KE Ventures’ investment plans include renewable energy, distributed generation, E-mobility, industrial infrastructure and services, technology solutions, and fintech services.
Sameer Chishty, Chairman of KE Ventures BoD and Member of the KE Board, said: “KE is about powering Karachi by supplying cheap, plentiful, and reliable energy. KE Ventures is about better serving Karachi by powering related platforms and affiliated ecosystems that deliver value of innovation to all our stakeholders including employees, customers and government.”
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Adeeb Ahmad, CEO at KE Ventures, said: “We look forward to capitalizing on opportunities that continue to evolve and where KE’s infrastructure and access are key enablers. There is immense room for integrating new technologies and innovative services across a wide range of industrial and consumer sectors. In this pursuit, KE Ventures will, as appropriate, also seek to partner with experienced operators and investors.
The move reflects our belief that the future of Karachi demands innovative energy, power and related solutions across multiple platforms and ecosystems.”Ends
