Meeting deficit: PESCO bifurcation in the offing

Power distributor has highest losses among all DISCOs

ISLAMABAD: Authorities have decided to split Peshawar Electric Supply Company (PESCO) into two entities over its failure to cut down its deficit. An agreement to the fact was forwarded in a high-level meeting chaired by PESCO chief.

A separate distribution company would be formed to meet the losses arising from the feeders in Khyber-Pakhtunkhwa. A subsidiary company with the name Indus Electric Power Company (IEPCO) would be set up as per the new plan.

As per documents available with Daily Express, the new company’s domain would extend to Swat, Swabi and Hazara division while PESCO would be limited to Peshawar, Khyber, Bannu, and Mardan divisions.



Sources said that PESCO had sent a report for the plan to the PEPCO and after approval by the latter, the ministry for power would announce the new company.

Among the power distribution companies in the country, PESCO has reported the highest losses of Rs64 billion, attributed to theft of electricity including illegal connections, nonpayment of bills, and a faulty supply system.