IESCO Increases Recoveries by Rs. 10.75 Billion Despite COVID-19
The Islamabad Electric Supply Company (IESCO) has reported monumental growth in recoveries between July 2020 and April 2021, recouping an excess of Rs. 10.75 billion as compared to the previous year.
Sharing the details with the press, CEO Chaudhry Abdul Razaq revealed that an amount of Rs. 120.223 billion had been recovered from the government and private consumers through utility bills last year. However, in the current fiscal year, a sum of Rs. 130.976 billion was recovered from the consumers, registering an increase of Rs. 10.75 billion.
He claimed in a statement that the recoveries from government institutions and private consumers remained the top priority of IESCO.
National
May 19, 2021
ISLAMABAD. The Islamabad Electric Supply Company (IESCO) granted 2,796 net-metering connections in the region, here on Tuesday.
IESCO Chief Executive Officer (CEO) Chaudhry Abdul Razaq said that net metering was a revolutionary step taken by the Pakistan Tehreek-e-Insaf (PTI) government. He said the Power Division minister was also actively pursuing the policy to promote it across all power distribution companies (DISCOs). There is a good environment for net-metering here in the IESCO region, he added.
He said the company had received over 3,000 applications for net-metering connections. After a necessary departmental investigation, it sent 2,960 applications for net-metering connections to the National Electric Power Regulatory Authority (NEPRA), which issued licence for 2,917 applicants for net-metering connections.
National
May 11, 2021
Islamabad: Islamabad Electric Supply Company (Iesco) Chief Executive Officer (CEO) Chaudhry Abdul Razaq has announced that there would be no load-shedding and load-management during the Eidul Fitr holidays in the region.
“We will ensure continuity of power supply round the clock in the whole region,” Chief Executive Officer (CEO) has issued a press release here on Monday. The chief said that monitoring cells at Iesco head office and all operation circles have been established to monitor power continuity and immediately redressel of customers’ complaints. He said that head office monitoring cell number is 051-9252933-6. The customer can call in this number to resolve their grievances, he assured.
Islamabad
May 11, 2021
Islamabad : Islamabad Electric Supply Company (Iesco) Chief Executive Officer (CEO) Chaudhry Abdul Razaq has announced that there would be no load-shedding and load-management during the Eidul Fitr holidays in the region.
“We will ensure continuity of power supply round the clock in the whole region,” Chief Executive Officer (CEO) has issued a press release here on Monday.
The chief said that monitoring cells at Iesco head office and all operation circles have been established to monitor power continuity and immediately redressel of customers’ complaints. He said that head office monitoring cell number is 051-9252933-6. The customer can call in this number to resolve their grievances, he assured.
Power Division stresses caution on hefty power taxes
Says high taxes and capacity payments are contributing to rising circular debt
The higher rate of electricity theft is the major reason for the rising circular debt that has touched Rs2.3 trillion in January this year. PHOTO: FILE
ISLAMABAD:
The Power Division has called for rationalisation of heavy taxes in the power sector, which have pushed the electricity prices higher and added to the burden of the consumers.
Due to the high rates of electricity, power theft became rampant as the tariff was not affordable for the consumers. In addition, the bleeding power distribution companies of Sindh, Balochistan and Khyber-Pakhtunkhwa (K-P) also largely contributed to the ballooning circular debt.