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December 8, 2005 Thursday Ziqa’ad 5, 1426


New buyer to invest $800m in KESC


KARACHI, Dec 7: KESC chief executive office Frank Scherschmidt has said the new management will invest $800 million to increase its power generation capacity. Talking to a three-member delegation of the FPCCI committee on public utilities, he promised them that load-shedding problems would be over by March 2006.

The overhauling of machinery is being done on priority basis to do away with the voltage fluctuation. He said problems being faced by the consumers would be resolved in the next three months, says an FPCCI press release.

About litigation cases of defaulters, he said the out-of-court settlement committee, which functioned previously with the representation from KESC and the private sector and consumers, had the option for an amicable settlement outside the court. He assured the delegation that the committee would be reactivated.

Mr Scherschmidt said consumer centres on the type of call centres would be set up in various parts of the city, including the FPCCI head office, to provide various facilities to the consumers.

Regarding the relief package for overdue bills of KESC, he said the package for common man was under consideration.



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