K-Electric, Pakistan’s only vertically integrated power utility, has appointed Syed Taha as its new Chief Executive Officer effective April 15, 2026. Taha replaces Adeeb Ahmad, who had been serving as interim CEO since mid-February.
The announcement was made in a letter filed with the Pakistan Stock Exchange on March 24 by Rizwan Pesnani, K-Electric’s Chief Risk Officer and Company Secretary.
Taha has been serving as Managing Director and CEO of Pakistan State Oil (PSO), the country’s largest oil marketing company, since February 2020. Before joining PSO, he worked as an Executive Director at Oasis Energy, where he headed the Program Management Office of Port Harcourt Electricity Distribution Company in Nigeria. He also previously served as Chief Distribution Officer at K-Electric itself, making his appointment a return to a company he already knows from the inside. Taha holds an engineering degree and an MBA in Finance from the Institute of Business Administration, Karachi.
The appointment caps a turbulent period for K-Electric’s leadership. In February 2026, long-serving CEO Syed Moonis Abdullah Alvi resigned after nearly eight years in the role and 18 years with the company. His departure came shortly after Sindh Governor Kamran Tessori overturned a provincial ombudsman’s order that had sought his removal over allegations related to a workplace harassment case. Alvi announced his resignation on X, and the board moved quickly to install Adeeb Ahmad, a veteran with 34 years of experience across private equity, mergers and acquisitions, and energy infrastructure, as interim CEO.
Just weeks later, K-Electric also reshuffled its board leadership. On March 17, the company appointed Shaheryar Chishty, founder of AsiaPak Investments and a former senior investment banker at Citigroup and Nomura, as acting chairman during the absence of Mark Skelton.
K-Electric serves over 3.7 million customers across Karachi and parts of Sindh and Balochistan. It generates electricity from its own plants with an installed capacity of roughly 1,875 MW and draws an additional 1,680 MW from external producers including 1,100 MW from the national grid. The company’s majority shares, 66.4%, are held by KES Power, a consortium of Al-Jomaih Power Limited of Saudi Arabia, National Industries Group of Kuwait, and the Infrastructure and Growth Capital Fund. The federal government holds a 24.36% minority stake.
Taha inherits a company navigating infrastructure demands, regulatory pressures, and a customer base that has long complained about service reliability and billing practices in Karachi.
