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Privatization of four power distribution companies proposed.

ISLAMABAD, July 18, 2009 (Balochistan Times) -- Ministry of Water and Power has proposed privatization of four power distribution companies (DISCOs) to improve efficiency in power sector and getting these companies out of financial losses. Additional Secretary Ministry of Water and Power Zarar Aslam in a media briefing on Saturday said that out of four DISCOs to be privatized three are functioning in losses included Peshawar Electric Supply Company (PESCO PESCO Peshawar Electricity Supply Company (Pakistan)
PESCo Petro Environmental Services Company (Cairo, Egypt)
PESCO Pragmatic Environmental Solutions Company, Inc (Roanoke, VA) 
), Haidarabad Electric Supply Company (HESCO HESCO Hartford Equity Sales Company, Inc.
HESCO Hyderabad Electric Supply Corporation (Pakistan) 
) and Quetta Electric Supply Company Quetta Electric Supply Company (QESCO) is an electric distribution company which supplies electricity to Quetta, Balochistan, Pakistan. See also
  • List of electric supply companies in Pakistan
 (QESCO QESCO Quetta Electric Supply Company (Pakistan) ) while Faisalabad Electric Supply Company Faisalabad Electric Supply Company (FESCO) is an electric distribution company which supplies electricity to Faisalabad, Punjab, Pakistan. See also
  • List of electric supply companies in Pakistan
 (FESCO FESCO Far Eastern Shipping Company
FESCO Forum of European Securities Commissions
FESCO Family Emergency Shelter Coalition
FESCO Faisalabad Electric Supply Company (Pakistan)
FESCO Foreign Enterprise Service Corporation
) is a profitable company. He said out of eight companies four are earning profit however he added to give relief to all consumers, the ministry is following the policy of uniformity in electricity tariff. He said Engro Power Company will start work on 1000 MW power plant at Thar n. 1. (Zool.) A goatlike animal (Capra Jemlaica) native of the Himalayas. It has small, flattened horns, curved directly backward. The hair of the neck, shoulders, and chest of the male is very long, reaching to the knees.  coal area as the government has divided the area into eight blocks and out of which one block is being allocated for installation of power plant. He said the company will require an amount of $1. 5 billion for start of 1000 MW power project. He said the government has planned to focus on hydel, wind and solar projects and reduce dependency on thermal. He said that construction work on 11 billion dollars Diamir-Bhasha Dam project will be started in current fiscal year. He added Asian Development Bank Asian Development Bank

A financial_institution established in 1966 to reduce poverty in the Asia-Pacific region. The bank is headquartered in Manila, Philippines and consists of 61 member countries.
 will finance the project while Islamic Development Bank Islamic Development Bank (also known as IDB), is a multilateral development financing institution. located in Jeddah, Saudi Arabia. It was founded by the first conference of Finance Ministers of the Organization of the Islamic Conference (OIC), convened 18 December 1973.  will also provide financial assistance. Replying to a question, he said that royalty issue of the dam will be resolved amicably by the government as a committee has been constituted for boundary demarcation of power house. He said the government had only two options to overcome energy crises included power import and second rely on rental power projects. He added the best option was to produce electricity through rental power plants. He expressed the hope that 3,500 MW additional electricity will be included in the system by December 2009 with the start of power projects being initiated on emergency basis by the government. He said additional electricity of 13,000 MW will be generated by 2012. He said in order to conserve electricity the Ministry will write all municipal administrations of the country to link street lights with solar energy system. He said efforts are being made by teams of Pakistan Electric Power Company (PEPCO) and WAPDA to restore electricity generation from Mangla power house in shortest possible time. He said WAPDA and PEPCO authorities are utilizing all the resources and work force to meet the deadline of July 25 for complete functioning of power house. He said normally three months require for electrical mechanical work to remove fault from the cable at power house however he added work will be completed within three weeks by using indigenous technology. He said the Mangla power station with an installed capacity of 1100 MW was shut down due to technical fault in main control cable.

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Publication:Balochistan Times (Baluchistan Province, Pakistan)
Geographic Code:9PAKI
Date:Jul 18, 2009
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