Power Firms witnessed major losses

ISLAMABAD: Power supply companies including QESCO, PESCO, and HESCO suffered Rs343 billion in losses due to ill-payments and line losses, in the last year, National Electric Power Regulatory Authority (NEPRA) reported.
According to the report by NEPRA, power companies suffered Rs120 billion in general losses, while Rs230 billion due to ill-collection of dues. The losses in 2021-22 were 3.72% higher than the NEPRA allocated targets by NEPRA. The bill collection percentage of power companies was 90.51%, dropping 7% from last year’s collection. –Agencies