| GEO Business|
Pepco suffers Rs10bn losses in floods
| Updated at: 2053 PST, Saturday, August 21, 2010|
LAHORE: Pakistan Electric Power Company (Pepco) has so far suffered an estimated loss of Rs 10 billion to its installations in floods throughout the country.
Briefing the media at Wapda House here Saturday, Pepco Director General (Energy Management and Conservation) Engr. Muhammad Khalid said that four distribution companies, Pesco (Peshawar), Mepco (Multan), Qesco (Quetta) and Hesco (Haiderabad) were severely affected by devastating floods and torrential rains.
However, all other distribution companies have been directed to put their material and equipment reserves at the disposal of the four affected Discos to restore the power system, he added.
Engr. Khalid said that hydel power plants at Jigran (30MW) and Malakand (80MW) and thermal power plants including 350MW each Pak Gen. and AES Lalpir are still out of order, while Kapco (Kot Addu) is generating 600MW against its capacity of 1386MW and Chasma Hydal Power Plant is producing 24MW against 184MW capacity.
The Director General said that Pepco had frozen all its developmental projects to ensure smooth financing for early restoration of electricity to flooded areas of the country.
Pepco is utilizing all its resources and making efforts for early repair and restoration of power installations including grids, transformers, transmission lines and other infrastructure soon after receding of floodwater, he added.
To a question, he said the company would take a viable decision regarding exemption or concession on billing to consumers worst hit by the floods.
He said that Pepco's generation over the last 24 hours remained at 136,95MW against a demand of 15,318MW, showing a shortfall of 1,623MW, while maximum of 710MW was exported to Karachi Electric Supply Company (KESC). In the generation, he added, the hydel component was 6,320MW, thermal 2,226MW, IPPs 5,087MW and RPPs 62MW.
To another question, he clarified that overloading, litigations, public demonstrations etc were major causes behind increased loadshedding and it was not due to reduction in power generation.