Power cos suffered Rs343bn in losses last year: NEPRA report

World Oct, 3 2022
Power cos suffered Rs343bn in losses last year: NEPRA report
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ISLAMABAD: Power supply companies including QESCO, PESCO and HESCO suffered Rs 343 billion in losses due to ill-payments and line losses in last year, National Electric Power Regulatory Authority (NEPRA) reported.

Peshawar Electric Supply Company’s (PESCO) 2021-22 losses percentage was 37.47 while Hyderabad Electric Supply Company (HESCO) suffered 32.88 percent. Sukkur Electric Supply Company’s (SEPCO) losses percentage was 35.62 percent, while Quetta Electric Supply Company (QESCO) suffered 28.07 percent losses.

Multan Electric Supply Company (MESCO) suffered losses of 14.84 percent, while Lahore Electric Supply Company (LESCO) suffered 11.52 percent losses, report read. While Islamabad Electric Supply Company (IESCO) suffered least losses with 8.18 percent.

According to report by NEPRA, power companies suffered Rs 120 billion in general losses, while Rs 230 billion due to ill-collection of dues. Losses in 2021-22 were 3.72 percent higher than NEPRA allocated targets. Bill collection percentage of power companies was 90.51 percent, dropping 7 percent from last year’s collection. Ill-collection of bills is adding to circular debt.

Published in The Daily National Courier, October, 03 2022

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Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.

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