BR100 Decreased By (-0.26%)
BR30 Decreased By (-0.53%)
KSE100 Decreased By (-0.29%)
KSE30 Decreased By (-0.22%)
AGHA 6.56 Decreased By ▼ -0.11 (-1.65%)
BECO 4.40 Increased By ▲ 0.05 (1.15%)
BML 55.89 Decreased By ▼ -0.28 (-0.5%)
BOP 30.05 Decreased By ▼ -0.07 (-0.23%)
CNERGY 12.75 Decreased By ▼ -0.23 (-1.77%)
CSIL 5.21 Decreased By ▼ -0.10 (-1.88%)
FCCL 51.00 Decreased By ▼ -0.65 (-1.26%)
FFL 14.43 Decreased By ▼ -0.06 (-0.41%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 5.97 Decreased By ▼ -0.09 (-1.49%)
KOSM 5.58 Decreased By ▼ -0.26 (-4.45%)
LOTCHEM 26.15 Decreased By ▼ -0.02 (-0.08%)
MLCF 90.33 Decreased By ▼ -0.90 (-0.99%)
NBP 161.45 Decreased By ▼ -2.74 (-1.67%)
NCPL 52.55 Decreased By ▼ -0.63 (-1.18%)
NPL 57.98 Decreased By ▼ -1.14 (-1.93%)
OGDC 315.40 Increased By ▲ 2.01 (0.64%)
PACE 9.70 Decreased By ▼ -0.07 (-0.72%)
PAEL 34.73 Decreased By ▼ -0.51 (-1.45%)
PIBTL 14.23 Decreased By ▼ -0.48 (-3.26%)
PPL 221.00 Decreased By ▼ -0.36 (-0.16%)
PRL 90.89 Decreased By ▼ -0.33 (-0.36%)
PTC 59.25 Increased By ▲ 0.06 (0.1%)
SSGC 23.39 Increased By ▲ 0.09 (0.39%)
TBL 8.65 Decreased By ▼ -0.10 (-1.14%)
TELE 7.40 Decreased By ▼ -0.21 (-2.76%)
TPL 21.00 Decreased By ▼ -1.03 (-4.68%)
TPLP 12.02 Decreased By ▼ -0.54 (-4.3%)
TREET 21.33 Decreased By ▼ -0.40 (-1.84%)
TRG 54.35 Decreased By ▼ -1.44 (-2.58%)
Markets

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

  • Statement comes as government crackdown against power theft enters 12th day
Published Updated

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