DISCOs fail to slash losses

Pakistan's economic managers have expressed serious concerns over the newly appointed boards of power distribution companies (DISCOs), which have failed to meet loss reduction targets. The Economic Coordination Committee (ECC), in a recent meeting, voiced grave concern that the targets assigned to DISCOs regarding reduction in transmission and distribution (T&D) losses had not been met. Specifically, the ECC members noted that the losses of Lahore Electric Supply Company (Lesco) had increased over the year. They stressed the need to adopt a robust plan to reverse the trend. The members of the economic decision-making body also underlined the need to make interventions to improve operations of the public power utility and slash losses. During discussions, the ECC was informed that boards of directors of all DISCOs, except for Hyderabad Electric Supply Company (Hesco) and Sukkur Electric Power Company (Sepco), had been reconstituted.