The federal govt. has decided to expedite efforts for approval of amendment to the Pakistan Penal Code Act, aimed at making electricity theft a more stringent cognizable offence. The actual losses of Distribution companies (Discos) stood at 17.82% during FY20 against Nepra’s allowed losses of 15.53%. According to Secretary Power to reduce losses by 2% in the next two years a 5.6 improvement in the recovery to take it to 96% has been envisaged by the govt. Power sector’s circular debt has already reached over PKR 2.3Tn of which 25% share is related to Discos inefficiencies including theft.
15/3/2021