isalamabad: Punjab’s power distribution companies are unfairly charging Rs 675 billion per yearfrom honest electricity consumers through overbilling.
Secretary Power Rashid Langriyal while briefing the media said that the government has set a subsidy of
900 billion rupees for the electricity consumers, but the government is providing only 327 billion rupees,
while 573 billion rupees are being collected from the electricity consumers.
Information Minister Murtaza Solangi was also present on this occasion.
Secretary Power Rashid Langriyal further said that Punjab’s power distribution companies
(MAPCO, FESCO, LESCO and GAPCO) are charging Rs 100 billion annually from consumers through overbilling to minimize their losses.
The secretary did not mention any action taken against the companies involved in overbilling.
The caretaker government had already planned to hand over the power companies to the provinces,
but the power secretary said that the plan was now obsolete and now the only The solution is privatization of power companies.
The secretary further said that due to factors such as low consumption of electricity, foreign-invested power plants,
lack of competition and instability of the exchange rate, the capacity charges have increased to Rs 2,000 billion,
which is Rs 21 per unit. are made
He said that the capacity charges will further increase to 2.2 thousand billion rupees in the next fiscal year,
which is 203 billion rupees more than the current fiscal year.
The main reason for the increase in capacity charges is low industrial development,
expensive power financed by China Lack of competition while setting up plants and
energy projects under CPEC has hijacked the economy of Pakistan by powerful businessmen,
who do not allow new players to enter the field, if the rate of industrialization in Pakistan is as high as India’s.
If it was equal to , the price of electricity could have been reduced by Rs.7
He said that most of the power plants installed in Pakistan have been installed with foreign capital,
which is the main reason for expensive electricity. 87 billion, while the capacity charges of 6,800 MW coal-fired
power plants with foreign capital are Rs 262 billion.
Secretary Power said that the debt of the power sector is 3.5 thousand billion rupees in the current financial year,
while the revenue is 2.5 billion rupees, due to which a gap of 976 billion rupees is being created.
The government made a budget to provide financial support of 976 billion rupees. ,
out of which Rs.584 billion will be paid for inefficiencies of power companies and to provide cheap electricity to tribal areas,
Balochistan and Azad Jammu and Kashmir as per the policy.
Electricity Scandal Exposed: How Overbilling Tactics Siphon $675 Billion from Consumer Pockets
Keep up with onto your caps! Gigantic stunner – turns out our wonderful local area strength sellers have been unobtrusively helping themselves to an incredible $675 billion from our wallet. That’s right, you analyze that right! In the background, they’ve been playing stunts with our installments, the utilization of tricky strategies like lifting usage numbers and sneaking in secret costs.
That pile of money, estimated to safeguard our homes lit, has been shrewdly diverted into their profound wallet. Presently not cool, isn’t that so? It’s the ideal opportunity for us, the regular legends, to get a clue. Permit’s check those installments with a quality-tooth brush, clarify pressing issues, and request reasonableness. Together, we can reassess this obscure business and ensure our power transporters treat us legitimate. Your pockets will gratitude for it!
