Tag: FESCO

Government Enforces Essential Services Act to Prevent Protests Against Power Companies’ Privatization

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Power-Projects

ISLAMABAD: The federal government has devised a plan to prevent protests against the privatization of electricity distribution companies. The Essential Services Act has been enforced for all employees and unions of government-owned power distribution companies (DISCOs), the National Transmission and Dispatch Company (NTDC), and government-owned power generation companies (GENCOs). Under the Essential Services Act, protests, strikes, and demonstrations are strictly prohibited. According to government sources, the act has been implemented for six months following approval from the federal cabinet, based on recommendations from the Power Division and the Ministry of…

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FESCO Strives to Offset High Electricity Costs with Improved Services and Reliability

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power-gride

FAISALABAD: Faisalabad Electric Supply Company (FESCO) is making concerted efforts to mitigate the impact of high electricity costs on consumers by providing top-notch services, minimizing line losses, and ensuring an uninterrupted power supply, according to Engineer Muhammad Aamir, CEO of FESCO. Addressing the industrialists and business community at the Faisalabad Chamber of Commerce and Industry (FCCI), Aamir emphasized FESCO’s commitment to efficient electricity distribution and accurate billing. He assured that best practices are being employed to eliminate over-billing, and meter readers are required to record actual readings. Aamir highlighted the…

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Power consumers to brace for another surge in bills

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power-subsidy

DISCOs seek to recover staggering Rs81.5b via quarterly adjustments for second quarter FY2023-24 ISLAMABAD: Consumers of electricity in Pakistan are on the verge of another financial shock as Power Distribution Companies (DISCOs) seek approval from the National Electric Power Regulatory Authority (NEPRA) to recover a staggering Rs81.5 billion through quarterly adjustments for the second quarter of the financial year 2023-24 (October to December 2023). The burden primarily stems from capacity charges for power plants that remained idle during this period, and this additional financial strain will be passed on to…

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20-year licences issued to seven DISCOs

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power-sector

Suppliers of Last Resort licences will remain valid till April 2043 ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has issued separate licences of the Suppliers of Last Resort (SoLR) to seven electricity distribution companies (DISCOs) for 20 years with retrospective effect, ie, from April 27, 2023. The licences will remain valid till April 26, 2043. “The authority approves the grant of supplier licences to DISCOs (to act as SoLR) in terms of Section 23E and 23F of the Nepra Act on the terms and conditions as set out in…

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K-Electric receives highest federal subsidy of Rs169bn

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k-electric

ISLAMABAD: The privately-run K-Electric company has been getting the highest Rs169 billion in subsidy from the federal government as compared to the state-run Power Distribution Companies (Discos), as per the Ministry of Energy (Power Division) statistics. The net required subsidy of K-Electric is Rs169 billion and is being fulfilled by the federal government budget. Among the Discos, three are Islamabad Electric Supply Company (Iesco), Lahore Electric Supply Company (Lesco) and Faisalabad Electric Supply Company (Fesco), which are subsidising the remaining seven Discos with a total amount of Rs156 billion per…

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