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Articles for tag: billion, contribute, debt, DISCO, Discos, Latest

February 3, 2024

News Desk

Discos contribute Rs 396 billion to debt

Islamabad: Persistent inefficiencies at power distribution companies, coupled with governance issues, have been identified as the main drivers behind a staggering Rs396 billion addition to Pakistan’s cyclical debt in the 2022-23 financial year. According to the Industry Report 2022-23 released by the National Electricity Regulatory Authority (Nepra), significant losses and reduced recovery of electricity bills have exacerbated the cyclical debt crisis. Nepra has recommended a forensic audit to enforce accountability within the staff, enhancing transparency and efficiency in the distribution network. The report highlights that most Distribution Companies (DISCOs) have failed to meet their Transmission and Distribution (T&D) loss targets,

December 21, 2023

News Desk

Minister defends the overpricing of DISCOs

Islamabad: The caretaker power minister has stepped in to defend corrupt electricity distribution companies (DISCOs) over allegations of inflated consumer bills and rejected a report by the power sector regulator. Speaking to reporters on Wednesday, Power Minister Mohammad Ali claimed that the National Electricity Regulatory Authority (Nepra) used incorrect data in its report on overcharging, insisting that 10 million electricity consumers were not overcharged. However, CEOs of DISCOs had recently admitted that their customers were over-indebted. design: mohsin alam In addition, the regulator used data from DISCOs which also revealed that customers were getting inflated monthly bills in a bid

December 20, 2023

News Desk

Discos are looking for a whopping hike of Rs 4.66 per unit in their January power bills

A FESCO worker fixes a line on a power pole on December 19, 2022. — APP The increase comes from the adjustment of fuel charges for November. CPPA implements with Nepra to increase electricity rates. Nepra is planning a public hearing on December 27. ISLAMABAD: Adding to the woes of already distressed electricity consumers, electricity distribution companies (Discos), excluding K-Electric, have sought a massive hike in their January 2024 bills, The news reported on Wednesday. The DISCOs are seeking approval from the National Electricity Regulatory Authority (Nepra) to levy an additional Rs 4.6617 per unit on consumers for January 2024.

December 5, 2023

News Desk

Raza Rabbani seeks action against Discos for malpractices of overcharging

“Companies are ripping off live users through inflated accounts,” he says. strongly condemns fleecing from discos Senator Raza Rabbani speaks during a joint session of the Majlis-e-Shoora on February 8, 2023. — NNI “Nepra’s investigation revealed the mother of all scams,” says Rabbani. The senator says the report’s findings amounted to criminal activity. It requests that the overcharged amount be adjusted on the consumer’s accounts. ISLAMABAD: Senator Mian Raza Rabbani on Tuesday slammed the Electricity Distribution Companies (Discos) for indulging in the “gross malpractices” of overcharging consumers by up to 100%, an inquiry report found. On Monday, the National Electricity

December 4, 2023

News Desk

KE, other Discos to face ‘legal action’ for overcharging millions

Energy providers were found to have overcharged millions of consumers between July and August A FESCO worker fixes a line on a power pole on December 19, 2022. — APP Millions of consumers were overcharged from July to August. The discos exceeded the 30-day billing cycle, breaking the law. They also failed to replace the faulty meter in time. ISLAMABAD: The National Electricity Regulatory Authority (Nepra) on Monday decided to take legal action against K-Electric (KE) and other power companies after it was found that they were overcharging millions of consumers, Geo News mentionted. “Legal proceedings against all Distribution Companies

November 30, 2023

News Desk

The government will hand over the loss-making Discos to the Pakistan Army

Pak Army, FIA and IB officials will be empowered to act against people involved in corruption and power theft Technicians are silhouetted as they attach cables to a power transmission line in Karachi, Pakistan, January 9, 2017. — Reuters Serves Brigadier Generals, FIA and IB officers to supervise PMUs. They will be tasked with finding corrupt elements in the Discos. The Directorate of Electricity will implement the plan starting with HESCO. Islamabad: Pakistan Army will hand over supervision of loss-making Discos to curb electricity theft and losses as the government has decided to take strict action against electricity thieves as

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