Electricity is becoming an increasingly important source of energy globally, with a trend to shift transportation to electricity. In Pakistan, domestic, commercial, and industrial use of gas is being shifted to electricity, leading to an increased demand for investment in power production, transmission, and distribution infrastructure. K-Electric, the utility company in Karachi, is an example of the success that deregulation and privatization can bring, with losses falling and the company now targeting to provide 5,000 MW of electricity to 5 million consumers, including electric vehicles and new manufacturing clients, with a 25% share of renewable energy. To ensure a reliable supply of power, utility companies must approach regulators and propose long-term projects for investment, creating the right incentive structure for other cities such as Lahore.
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