Power sector receivables still hover around Rs.684bn

Power sector’s receivables still hover around Rs 684 billion as of March 31, 2017 even after a of Rs 44 billion Sindh Government write-off with the special effort of the then Secretary Water and Power, Younas Dagha, well-informed sources told Business Recorder. Official documents reveal that major defaulter is private sector as the amount of receivables against the private sector stood at Rs 505.5 billion as of March 31, 2017 against Rs 468.7 billion till June 30, 2016, which shows that Discos have failed in its recovery drive.
Published in Business Recorder, 11th May, 2017