Tag: HESCO

Power Division Slams SEPCO, HESCO Over Poor Performance and Rising Losses

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ISLAMABAD: The Power Division has voiced serious concerns over the deteriorating performance of Sindh-based power distribution companies SEPCO (Sukkur Electric Supply Company) and HESCO (Hyderabad Electric Supply Company). During a session of the National Assembly Standing Committee on Power, chaired by Muhammad Idrees, Federal Minister for Power Awais Leghari criticized both companies for increasing line losses while other DISCOs are showing improvement. Leghari blamed political interference, particularly from the Pakistan Peoples Party, for the failure to replace the existing boards of SEPCO and HESCO. He also noted that the Acting…

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Loss-making Discos: FD opposes PD’s proposal

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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 affairs of loss-making Discos aimed at putting pressure on existing manpower to work efficiently with proper monitoring of their financial integrity. The proposal in the form of a summary had…

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Special forensic audit of SSGCL, Pesco, Hesco ordered

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Shamshad-Ather

ISLAMABAD: Finance Division has directed the authorities to conduct special forensic audit of Peshawar Electric Supply Company (PESCO) and Hyderabad Electric Supply Company (HESCO). At a recent meeting presided over by the caretaker Finance Minister, Dr Shamshad Akhtar, it was decided to conduct special audit of SSGCL, PESCO and HESCO. Power sector quagmire: Implementation of 3-pronged strategy begins Finance Division has drafted the following Terms of Reference (ToRs) for the special forensic audit of both power sector entities where losses are too high as compared to other power Distribution Companies:…

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

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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 there seems no sigh of relief for masses without undertaking basic and fundamental reforms. The question arises why the board members of these loss-making Power Distribution Companies (DISCOs) are not…

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