Faisalabad, August 16, 2023 (PPI-OT): FSECO achieved another milestone. Faisalabad Electric Supply Company (FESCO) has achieved 8.59 percent losses, which is 0.25 percent less than the target of 8.84 line losses given by NEPRA Authority in the year 2022-23, saving the company's 991 million rupees. Here it is worth mentioning that the losses of FESCO in the last five years were less than the targets given by the NEPRA Authority.

Chief Executive Officer FESCO Engineer Bashir Ahmed and CFO Mian Nazir Ahmed informed NEPRA in the public hearing of the five-year multi-year tariff for the financial year 2023-24 to 2027-28 that the recovery of the company is 100% and FESCO is working with about 11,500 employees instead of 24,000 employees and the officers and employees of the company are striving to provide the best and uninterrupted services to its more than 5 million customers in 8 districts.

These include the launch of new connections, construction of new grid stations and transmission lines, installation of new transformers in the system, replacement of old transformers, grid up gradation, net metering, use of new and advanced technology. NEPRA Authority appreciated FESCO management and described FESCO performance as per the standards of the Authority.

For more information, contact:

Faisalabad Electric Supply Company (FESCO)

West Canal Road, Abdullah Pur, Faisalabad, Pakistan

Tel: +92-41-9220184-9220229

Fax: +92-41-9220233

Website: http://fesco.com.pk/default.asp