Report by Engineering Post
A report by the Auditor General of Pakistan has revealed that financial irregularities to the extent of Rs 9.55 trillion have been committed in three years by almost all ten Power Distribution and Supply Companies.
While pinpointing these huge financial irregularities, the audit report has also called for appropriate action against 72 officials of the DISCO.
The DISCOS had committed a total amounting to Rs 51145 billion alone during financial year 2023-24 as per the audit report.
Among the power companies, the Central Power Purchasing Agency CPPA) alone has accounted for the highest irregularities amounting to Rs 2734 billion.
Other power companies along with the irregularity figures included Quetta Electric Supply Company (QESO) Rs 1164 billion; Sukkur Electric Power Company (SEPCO) Rs 221 billion; Lahore Electric Supply Company (LESCO) Rs 110 billion; Peshawar Electric Supply Company (PESCO) Rs 164 billion; Hyderabad Electric Supply Company (HESCO) Rs 83 billion; Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company
(GEPCO) Rs 66 billion; Multan Electric Power Company (MEPCO) Rs 13 billion ,and Tribal Areas Supply Company (TESCO) Rs 16 billion.
The audit report also highlighted financial discrepancies in the power generation companies during their operations. These were GENCO-1 and GENCO 11 Rs 68 billion and Rs 74 billion respectively, National Power Parks Management Company Limited (NPPMCL) Rs 114 billion.
Additionally, Electric supply companies had also suffered quite significant decline in their performance during financial year 2023-24 causing huge accumulated loss of Rs 660 billion to the national exchequer.
