KESC asks federal, provincial govts to clear dues

April 28, 2013 Off By Web Desk

Karachi: Karachi Electric Supply Company KESC0 has appealed the federal and provincial Governments to pay their dues of Rs71billion.

A KESC release said it is facing a severe liquidity issue due to huge outstanding receivables from federal and provincial entities. It desperately needs this money to pay bills of PSO and IPPs to ‘maintain’ the current load shedding regime in Karachi.

It feared that the load shedding duration will climb to 14 hours a day if immediate steps are not taken by the government. It said considering the law and order situation in Karachi and the forthcoming general elections, it is critical that KESC runs its generating plants.

KESC requested the federal Government to immediately release at least Rs25 billion of KESC’s receivables directly to PSO to ease the state owned fuel supplier’s liquidity position. It requested the Government of Sindh to urgently release the first instalment of its Rs22 billion Karachi Water and Sewerage Board KWSB receivables directly to Sui Southern Gas Company SSGC.

KESC said as SSGC increased gas supply to 200 MMCFD, it would exempt all 7 industrial zones of Karachi from lead shedding.