Monthly circular debt reporting launched

Inter-corporate debt currently stands at Rs2.3 trillion

ISLAMABAD:

The Power Division has introduced monthly circular debt reporting, which indicates the factors contributing to its build-up.

During a briefing, Federal Minister for Energy Muhammad Hammad Azhar was apprised of the current stock of circular debt, which stood at around Rs2.3 trillion.

The minister was briefed about the ongoing development projects under the Power Division, which included major transmission and distribution improvement schemes.

The Public Sector Development Programme (PSDP) portfolio of the Power Division for fiscal year 2020-21 is Rs74.5 billion, of which a major portion is contributed by distribution companies (DISCOs) and National Transmission and Despatch Company’s (NTDC) own resources.

Major transmission projects include CASA-1,000, 4,000-megawatt Matiari-Lahore high voltage direct current (HVDC) transmission line and Dasu transmission line.

The commercial operation date of Matiari-Lahore HVDC transmission line is September 2021, after which it will be available for power transmission from the south of the country.

Published in The Express Tribune, April 22^nd, 2021.

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