KARACHI: Pakistan’s National Electric Power Regulatory Authority (NEPRA) has blamed the surging circular debt, which has ballooned to approximately Rs2.3 trillion ($8.9 billion), and inflated electricity bills on “poor governance” within power distribution companies (DISCOs).
Pakistan’s power sector has been grappling with several challenges, including the growing circular debt, increasing cost of electricity, inefficiencies in the generation, transmission, distribution and supply segments, fuel supply issues, under-utilization of efficient plants, and governance and compliance.
Governance issues have significantly contributed to the mounting circular debt, which has now reached a staggering Rs2.3 trillion, as of June 2023, showing no signs of reduction, according to a NEPRA annual report…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
Read moreDetails
