Power cos suffered Rs343bn in losses last year: NEPRA report

World Oct, 3 2022
Power cos suffered Rs343bn in losses last year: NEPRA report
  • 257
  • 0

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

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.

Our Correspondent
Our Correspondent https://www.dailynationalcourier.com/author/our-correspondent
Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.

NC Big Stories

Zara Noor Abbas celebrates birthday with husband 

Zara Noor Abbas is an amazing Pakistani television and film actress known for her versatile performances in dramas like Khamoshi, Deewar-e-Shab, Badshah Begum, Zebaish, Sinf-e-Aahan, Stand Up Girl, and many more. With her natural acting skills and c...

Aiman Khan shares her comeback plans

Aiman Khan is a charismatic Pakistani actress known for her outstanding television performances, including dramas like Mohabbat Bhaar Mai Jaye, Meri Beti, Beqasoor, Khali Haath, Zindaan, Mann Mayal, Hari Hari Churiyaan, Ghar Titli Ka Par, Ishq Tamash...

Rashford, Henderson in Tuchel's first England squad for World Cup qualifiers

 London: England manager Thomas Tuchel has named his first squad for the 2026 World Cup qualifiers, with Aston Villa forward Marcus Rashford returning to the national setup. Rashford, 27, last played for England in March 2024 but has impressed s...

Pakistan to host ICC Women’s World Cup Qualifier in April

LAhore: The International Cricket Council (ICC) on Friday unveiled the match schedule for the 2025 ICC Women’s Cricket World Cup Qualifier, set to take place in Pakistan from April 9 to 19. The Qualifier will be played at two iconic venues in L...

More like this
Related

Top Russia, US officials to meet in Saudi Arabia today

MOSCOW: Top Russian and US officials will meet in Saudi Arabia to discuss improving ties, "Possible" truce in Ukraine and a summit between Vladimir Putin and Donald Trump. The talks come amid a burst of diplomacy on the Ukraine conflict, kick-started...

President Zardari meets President of Portugal in Lisbon

LISBON: President Asif Ali Zardari held a meeting with the President of the Portuguese Republic, Mr Marcelo Rebelo de Sousa, at the Palácio Nacional de Belém. President Marcelo Rebelo de Sousa warmly welcomed President Asif Ali Zardari...

Embarrassment for Modi as Macron ignores handshake attempt

PARIS: French President Emmanuel Macron ignited a storm of controversy when he refused to shake hands with Indian Prime Minister Narendra Modi during an event in Paris. The incident, which quickly went viral on social media, showed President Macron g...

President discusses mutual ties with Turkish counterpart

ISTANBUL: President Asif Ali Zardari, who left Pakistan for Lisbon, Portugal to condole the death of Prince Karim Aga Khan IV, held a meeting with Turkish President Recep Tayyip Erdogan in Istanbul. The meeting took place at the Ataturk Airport State...
Need Help? Chat with us