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Summary for Wapda-Pepco merger finalized
ISLAMABAD: In the wake of nation-wide power outages and other related issues, a summary has been finalized for the merger of Water and Power Development Authority (Wapda) and Pakistan Electric Supply Corporation (PEPCO).The summary will be forwarded to the Prime Minister for final approval.
The decision has been taken in the wake of Pepco’s failure to overcome electricity load-shedding and other issues of power distribution, according to government sources.
Sources said that the Pepco was separated from the Wapda in September 2007, after which line losses, increase in load shedding duration and reduction in recovery were witnessed.
The sources said that circular debt had also climbed to Rs121 billion from Rs81 billion. As a result, the two entities were being merged again.
The summary said that increase in the circular debt was the main reason behind electricity load shedding.
Courtesy www.Geo.tv