PEPCO circular debt reaches Rs215b: Report
According to a report available with Express News, power distribution companies including Pepco, Tribal Electricity Supply Company (TESCO) and Faisalabad Electric Supply Company (FESCO) have failed to receive current bills and arrears.
Only 86.5% recovery was made in fiscal year 2010-11 as compared to 104.3% recovery in 2009-10.
Pepco’s financial condition has resulted in a massive increase in power load-shedding. The company has been unable to pay arrears to oil and gas companies, which has resulted in the reduction of more than 2,000 megawatts of thermal power generated by Rented Power Houses and private power companies.
The overall shortfall has increased by up to 6,500 megawatts.
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@word life actually people were fed up of the load sheddings and refused to pay bills. This has probably led to the reduction in recovery and a further shortfall of electricity
Shame on PEPCO !
Disgusting performance by FESCO, when there is absolutely no justification for "reduction in recovery and failing to receive fines from power pilferers"