KESC cuts power supply to Pakistan Steel Mills

KARACHI: The Karachi Electric Supply Company (KESC) on Wednesday evening disconnected power supply to Pakistan Steel Mills (PSM) because of outstanding payment of Rs930 million, Geo News reported.

KESC spokesman said PSM has to pay Rs550 million, out of Rs930 million outstanding dues today, however, it failed to do so. As a result, the utility company cut power supply to Steel Mills.

Meanwhile, PSM spokesman said they will pay Rs100 million to KESC on Thursday. He said cut in power supply will cause billions of loss to Steel Mills.

The spokesman said it will take two to three days to restart the plants of the mill.