AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

The Sindh government has released Rs 4.5 billion arrears of electricity bills to HESCO and SEPCO as first installment of their total bills of Rs 27 billion. This was disclosed by Secretary Energy Agha Wasif and Secretary Finance Hassan Naqvi during a meeting with chief minister Sindh Syed Murad Ali Shah here at the CM House on Friday.
Secretary Energy Agha Wasif briefing the chief minister said that the HESCO and SEPCO were claiming inflated power bills. "After your (Chief Minister) meeting with federal minister for water & Power Khwaja Asif a reconciliation process of the bills was started," he said and added that after some regular and extensive meetings an amount of Rs 27 billion power bill w.e.f 2010 to July 2016 was agreed.
He said that there were 295 power connections of both the power companies in Sindh. Their current bill has been agreed at Rs 837 million. The ministry of Water & Power has agreed to receive the payment of Rs 27 billion power bill in six installments. Secretary finance Hassan Naqvi said that with the approval of the chief minister Syed Murad Ali Shah he has released Rs 4.5 billion as first installment to the HESCO and SEPCO. "I have also released Rs 837 million current bills," he said.
The chief minister directed his team that it must be maintained that the bill right from 2010-2016 has been agreed at Rs 27 billion. "It means after the payment of all six installments it would be zero," he said and directed the chief secretary to issue necessary instructions to all the departments, including local government to pay their electricity bills in time.

Copyright Business Recorder, 2016

Comments

Comments are closed.