Pakistan to Implement Turkish Model for DISCOs Management, Eyeing Efficiency and Investment

power-sector

In Islamabad, Pakistan is set to emulate the successful Turkish model by outsourcing the management of its power distribution companies (DISCOs) in a bid to curtail losses, enhance efficiency, and attract investment. Following an agreement with the International Monetary Fund (IMF), Pakistan aims to engage a transaction adviser for long-term concessions by April 2024. The World Bank has offered grant-based…

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Discos seek Rs42bn additional despite low usage in December

power-e-unit

ISLAMABAD: In yet another blow to electricity consumers, the Central Power Purchasing Agency (CPPA) on Monday sought more than 100pc (Rs5.62 per unit) increase in fuel charges to mop up about Rs42 billion for ex-Wapda Distribution Companies (Discos) through February consumer bills and make up for subdued consumption of the most expensive electricity. This is apparently the highest-ever increase in…

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Loss-making Discos: FD opposes PD’s proposal

crackdown-power

ISLAMABAD: The Finance Division has reportedly opposed a proposal of the Power Division regarding establishment of Performance Management Units (PMUs) in loss-making power Distribution Companies (Discos) under senior army officers (brigadiers), arguing it will further deteriorate governance within Discos, sources close to Secretary Finance told Business Recorder. The Power Division prepared a secret proposal for the federal cabinet to hand over…

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Fuel cost adjustment of Rs3.5 more per unit to further inflate bills

Petroleum-prices

ISLAMABAD: The Cen­tral Power Purchasing Agency (CPPA) on Mon­day sought a massive Rs3.55 per unit as fuel cost adjustment (FCA) for ex-Wapda distribution comp­anies (Discos) to raise another Rs33bn from consumers in Dece­mber, des­pite a healthy 76 per cent ele­ctricity generation from cheaper domestic fuels. This comes on top of about 26pc increase in the annual base tariff and around…

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Power sector T&D losses surge to Rs520.3bn in FY2021-22

Matiari-Lahore

ISLAMABAD: Pakistan power sector’s Transmission & Distribution (T&D) losses have risen to Rs520.3 billion with the highest-ever deficit incurred in the Peshawar Electric Power Supply Company (PESCO) to the tune of Rs153.8 billion, in just one financial year. The cash bleeding power sector’s accumulated losses have crossed the defence spending of the country in the last two financial years, and…

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