ISLAMABAD - The performance of the power distribution companies regarding recovery of receivable dues from consumers has worsened during the four and half years tenure of the PPP-led coalition government as receivables of DISCOs have surged to Rs 402 billion in August 2012 from Rs 183 billion of February 2008 that deteriorated the power situation.
Sources informed The Nation that power distribution companies failed to recover dues from the consumers in last four and half years (starting from February 2008 to August 2012). The receivable amount of the power distribution was around only Rs 183 billion when the incumbent government came to the power that had now surged to Rs 402 billion in August 2012, showing an increase of Rs 237 billion.
According to the official documents, non-payment by private consumers as well as departments of federal and provincial governments, non-payment of bills by Azad Kashmir and Karachi Electric Supply Company (KESC) consumers, fuel cost adjustment stayed by the Peshawar High Court and non-payment by Fata consumers contributed to the dramatic rise in receivables of distribution companies in last four and half years period.
The independent economists believed that power situation could improve if distribution companies recover dues from all kinds of consumers. Sources in Finance Ministry informed that government has provided over Rs 1100 billion subsidy to the power sector in last four and half years period. The government did not concentrate on recovering power dues in its tenure that worsened the situation in the country, sources added.
The break-up of receivable amount of Rs 402.005 billion revealed that Lahore Electric Supply Company’s (LESCO’s) receivables increased to Rs 34.548 billion in August 2012 from only Rs 7.610 billion of February 2008. Gujranwala Electric Power Company’s (GEPCO’s) receivables surged to Rs 9.213 billion in August 2012 from Rs 1.920 billion of February 2008. Faisalabad Electric Supply Company’s (FESCO’s) receivable enhanced to Rs 9.560 billion in August 2012 from Rs 2.371 billion in February 2008, registering an increase of Rs 7.189 billion.
The break-up further revealed that receivable amount of Islamabad Electric Supply Company (IESCO) has gone up to Rs 18.817 billion in August 2012 from Rs 3.344 billion in February 2008, showing an increase of Rs 15.072 billion. Receivable amount of Multan Electric Power Company (MEPCO) has gone up to Rs 18.923 billion in August 2012 from Rs 5.033 billion in February 2008, recording an increase of Rs 13.890 billion. Receivable amount of Peshawer Electric Supply Company (PESCO) has gone up to Rs 52.874 billion in August 2012 from Rs 19.024 billion in February 2008.
The receivables of Hyderabad Electricity Supply Company and Sukkur Electric Power Company (Hesco/Sepco) have showed an increase of Rs83.680 billion with the companies total receivables going up from Rs21 billion in 2008 to Rs105.501 billion in 2012. The receivables of Quetta Electric Supply Company (Qesco) increased from Rs9.212 billion to Rs60.952 billion during the period under review. Receivables of Karachi Electric Supply Company (KESC) increased from Rs37.101 billion in 2008 to Rs63.554 billion in 2012, showing an increase of Rs26.453 billion.