Distribution firms suffer 18.3pc line losses this year

Published January 28, 2019
Payment of Rs808 billion circular debt depend on collection from distribution companies based on their recoveries from ­consumers. — File photo
Payment of Rs808 billion circular debt depend on collection from distribution companies based on their recoveries from ­consumers. — File photo

ISLAMABAD: The overall line losses of distribution companies (Discos) in the public sector remained unchanged at 18.3 per cent during the current financial year.

The Sukkur Electric Power Company is the most inefficient distribution firm with 41.3pc line losses this year against 36.7pc of the last financial year.

The line losses of the Peshawar Electric Supply Company dropped by almost 2pc in a year, but it continues to be the second most inefficient company with line losses of 36.2pc in 2018-19. Its line losses stood at 38.1pc during the last financial year.

The Hyderabad Electric Supply Company came number three as its line losses jumped to 33.6pc in 2018-19 from 29.9pc last fiscal year.

Sukkur Electric Power Company found to be the most inefficient

The Quetta Electric Supply Company’s line losses dropped to 21.8pc this year from 22.4pc in 2017-18.

The Multan Electric Power Company’s line losses jumped to 17.5pc this year from 16.6pc the previous financial year.

The line losses of the Lahore Electric Supply Company soared to 14.5pc in 2018-19 as compared to 13.8pc in 2017-18.

The Tribal Electric Supply Company’s line losses went up to 13.3pc this year from the previous year’s 12.5pc.

The line losses of the Gujranwala Electric Power Company jumped to 11.1pc in 2018-19 from 10pc last year.

The Faisalabad Electric Supply Company’s line losses dropped to 9.8pc this year from 10.5pc last year.

The Islamabad Electricity Supply Company continues to be the most efficient firm as it reduced its line losses to 7.9pc this year from 9.1pc in 2017-18.

An official said the payment of Rs808 billion circular debt depended on ­collection from distribution companies based on their recoveries from ­consumers.

He said steps were being taken to recover outstanding liabilities and an anti-theft campaign had been launched across the country to control losses and improve the recovery position.

Published in Dawn, January 28th, 2019

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

The risk of escalation

The risk of escalation

The silence of the US and some other Western countries over the raid on the Iranian consulate has only provided impunity to the Zionist state.

Editorial

Saudi FM’s visit
Updated 17 Apr, 2024

Saudi FM’s visit

The government of Shehbaz Sharif will have to manage a delicate balancing act with Pakistan’s traditional Saudi allies and its Iranian neighbours.
Dharna inquiry
17 Apr, 2024

Dharna inquiry

THE Supreme Court-sanctioned inquiry into the infamous Faizabad dharna of 2017 has turned out to be a damp squib. A...
Future energy
17 Apr, 2024

Future energy

PRIME MINISTER Shehbaz Sharif’s recent directive to the energy sector to curtail Pakistan’s staggering $27bn oil...
Tough talks
Updated 16 Apr, 2024

Tough talks

The key to unlocking fresh IMF funds lies in convincing the lender that Pakistan is now ready to undertake real reforms.
Caught unawares
Updated 16 Apr, 2024

Caught unawares

The government must prioritise the upgrading of infrastructure to withstand extreme weather.
Going off track
16 Apr, 2024

Going off track

LIKE many other state-owned enterprises in the country, Pakistan Railways is unable to deliver, while haemorrhaging...