Regulator slams IESCO CEO for poor performance

The National Electric Power Regulatory Authority (Nepra) has recommended the federal government to remove the chief executive officer of Islamabad Electric Supply Company (Iesco) immediately over poor performance.

The power-sector regulator took serious notice of the below-par performance of Iesco CEO Naeem Jan at a public hearing. Member (Technical) Rafique Ahmad Shaikh made the recommendation for removing the CEO.

He was presiding over the public hearing on the adjustment request for indexation of multi-year tariff (MYT) components for financial year 2025-26 as well as other adjustments in Iesco's end-consumer tariffs.

He pointed out that he faced constraints to conducting the hearing individually and requested the authority for a rehearing of the MYT adjustment. He also asked the company to present its complete business case.