BR100 Increased By (0.38%)
BR30 Increased By (0.19%)
KSE100 Increased By (0.07%)
KSE30 Decreased By (-0.11%)
BECO 5.88 Decreased By ▼ -0.15 (-2.49%)
BML 57.60 Increased By ▲ 4.85 (9.19%)
BOP 33.95 Decreased By ▼ -0.30 (-0.88%)
CNERGY 8.20 Increased By ▲ 0.04 (0.49%)
DCL 11.84 Decreased By ▼ -0.50 (-4.05%)
FCCL 53.98 Increased By ▲ 0.09 (0.17%)
FCSC 5.41 Increased By ▲ 0.19 (3.64%)
FFL 17.90 Decreased By ▼ -0.13 (-0.72%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.25 Increased By ▲ 0.25 (2.27%)
KEL 8.12 Increased By ▲ 0.01 (0.12%)
KOSM 5.48 Increased By ▲ 0.10 (1.86%)
MLCF 88.41 Increased By ▲ 0.36 (0.41%)
NBP 184.80 Decreased By ▼ -1.68 (-0.9%)
PACE 11.50 Increased By ▲ 0.78 (7.28%)
PAEL 40.70 Increased By ▲ 0.76 (1.9%)
PIAHCLA 26.33 Increased By ▲ 0.16 (0.61%)
PIBTL 17.26 Decreased By ▼ -0.06 (-0.35%)
PPL 232.00 Decreased By ▼ -0.78 (-0.34%)
PRL 34.70 Decreased By ▼ -0.25 (-0.72%)
PTC 67.51 Decreased By ▼ -0.05 (-0.07%)
SEARL 91.80 Increased By ▲ 0.87 (0.96%)
SSGC 27.09 Decreased By ▼ -0.08 (-0.29%)
TELE 8.63 Increased By ▲ 0.06 (0.7%)
THCCL 65.20 Increased By ▲ 5.07 (8.43%)
TPLP 9.48 Increased By ▲ 0.72 (8.22%)
TREET 24.65 Increased By ▲ 0.11 (0.45%)
TRG 72.02 Increased By ▲ 0.27 (0.38%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.27 Increased By ▲ 0.01 (0.79%)
Markets

‘Mafias within Discos’ feeling the heat, says Power Division secretary

  • Statement comes as government crackdown against power theft enters 12th day
Published September 19, 2023 Updated September 19, 2023 06:59pm

Rashid Langrial, the Power Division secretary, said the ‘mafias’ within distribution companies (Discos) have started to feel the heat, as the government’s crackdown against electricity theft enters the 12th day.

Taking to social media platform X, formerly known as Twitter, on Tuesday, Langrial shared that the amount recovered has crossed Rs4.6 billion, while 1,104 persons have been arrested.

“Delta between FIRs and arrests, though widening, will be bridged,” said Langrial.

The government official shared that the crackdown by HESCO has started to pick up pace with Rs962 million recovered, while 30 persons were arrested by September 19.

“SEPCO and PESCO need to roll their sleeves too,” said Langrial. “Mafias within Discos have started to feel the heat,” he added.

Days ago, the caretaker government initiated a crackdown against electricity theft, which caused the power sector losses to the tune of Rs589 billion annually.

On Monday, the Power Division secretary stated that the capacity payment has doubled, i.e., to Rs2,152 billion from Rs1,082 billion due to the dollar’s increase – from Rs100 to Rs300.

Sharing information about capacity payment, Langrial explained that foreign-funded dollar-denominated IPPs have contributed the most. Locally-funded RLNG plant’s capacity payment has increased by 60 per cent while foreign-funded coal plants’ payment has gone up by 145 per cent.

According to him, the amount of capacity payment of foreign-funded projects was Rs3,218/kW/M when the dollar was at Rs100, whereas, capacity payment of local-funded projects was Rs1,436/kW/ M, which has increased to Rs7,097/kW/M for foreign-funded at Rs300/$ and Rs1,857/kW/M for local-funded projects at Rs300/$.

Comments

Comments are closed for this article.

Maqbool Sep 19, 2023 03:49pm
Strange how our textile centers’ FESCO terrible low recovery, always escapes the Power Division focus.
0
KU Sep 19, 2023 04:16pm
Shameful statement by the power division secretary, the mafias have existed for a long time under the very noses of power division, why haven't they been arrested and jailed? This is one of the major reasons for our circular debt and the responsible are the Raj baboos.
0
Love Your Country Sep 19, 2023 05:23pm
Publish list of defaulters and the unpaid amounts
0
Muhammad Rehan Riasat Sep 19, 2023 06:03pm
HEDCO recovered 962 million, not 962 Billion.
0
Aamir Sep 19, 2023 09:38pm
Was this power secretary sleeping before? Useless babus
0
Muneeb Wahla Sep 20, 2023 10:39am
I need this opportunity
0