Tag: TESCO

Power consumers to brace for another surge in bills

Admin
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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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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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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