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$218m US-funded project: Discos’ earnings up by $400m in five years

byCustoms Today Report
28/08/2015
in Business
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ISLAMABAD: The total revenues generated by the power distribution companies’ (Discos) have increased by over $400 million during the last five years (2010-15).

This was revealed at the concluding ceremony of a five-year power distribution programme, funded by the US government.

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Speaking on the occasion, US Mission to Pakistan’s Coordinator for Economic and Development Assistance, Leon Waskin, said that the $218 million project was a part of the US government’s commitment to support Pakistan to improve the energy sector.

Through this programme the Discos saved over 200MW electricity, which is enough to supply power to three million people, he said, adding that the programme trained more than 32,000 energy sector specialists, installed state-of-the-art systems to monitor and control of power flow, improved consumer billing systems, and introduced international best practices.

Waskin further sated that the US government remains committed to working with Pakistan towards a continuous, stable energy supply and a brighter, more prosperous future.

National Electric Power Regulatory Authority Chairman Tariq Saddozai was present at the ceremony to mark completion of the project.

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