ISI among the defaulters of Pepco

ISI among the defaulters of Pepco 

During the alarming situation of its increasing receivables, Pakistan Electric Power Company (Pepco) has highlighted the intelligence department of Pakistan, ISI as one of its highest defaulters.

Pepco, whose receivables have topped to Rs327 billion, is suffering from one of its severe crisis of all times.

However, the light on this side of the issue was brought by parliamentarian of PML-N, Abid Sher Ali, who said, "The ISI is a rich organization which has a lot of funds to form political parties but it is not paying power bills."
Sher told that ISI owes Rs1.64 billion to Pepco.

Surprisingly, National Highways Authority and National Bank of Pakistan, which are enjoying good profits, also stand among the defaulters of Pepco..

He aggressively added in his statement," “if a poor man fails to pay electricity bill for a month, then his electricity supply is disconnected immediately".

He felt sorry that the distribution companies do not even think for a single minute before cutting the power supply of a common man of Pakistan, however the power supply of these huge defaulters had not been disconnected.

Moreover, the Managing Director of Pepco, Rasul Khan Masud told that if these receivables are recovered, then Pepco would easily be able to buy furnace oil and can produce more electric power to overcome the prevailing electricity
crisis in the country.

On the other hand, the director of Karachi Electric and Power Supply (KESC), Abdul Rauf, told that his company was meeting the power shortage by doing load-shedding of 6 hours on daily basis.

As per Rauf’s statement, KESC is facing the outstanding amount of Rs24 billion, in the segregation of which, the city district government is defaulter of Rs5 billion and Rs16 billion is defaulted by city water board.

He also added that the cost of producing electricity through furnace oil is much more as compared to electricity generated through gas and SSGC was not supplying enough gas to KESC as the government announced. Therefore, they have
to produce electricity through furnace oil on high rates, which eventually increases the receivables.

Short URL: https://www.newspakistan.pk/?p=5338

Posted by Mursil Mehmood Butt on Dec 1 2011. Filed under Latest News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry