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Power sector in new crisis
Influential lobby places members on board of distribution firms against merit
PHOTO: EXPRESS
LAHORE:
The power sector of Pakistan is being pushed towards a new crisis by an influential lobby that has mobilised the federation to pave way for privatisation of power distribution companies including Lahore Electric Supply Corporation (Lesco), Faisalabad Electric Supply Company (Fesco) and Islamabad Electric Supply Company (Iesco).
The lobby has successfully promoted its own chosen members on the board of directors of distribution companies against the merit. The Independent Power Producers (IPPs) and foreign investors have expressed interest to buy power distribution companies, which have assets worth billions of dollars.