Pakistan, Oct. 29 -- Nepra fines Discos over poor performance, missed recovery goals, and rising electricity losses. The National Electric Power Regulatory Authority announced fines of more than Rs110 million against four distribution companies on Tuesday. The companies include Hesco, Qesco, Fesco, and Gepco.

The regulator said these firms failed to meet performance targets such as reducing system losses and ensuring proper earthing of electricity poles. Nepra fined Hesco Rs10 million, Qesco Rs40 million, Fesco Rs10 million, and Gepco Rs51 million. Legal proceedings were completed after show-cause notices and fact-finding probe

According to Nepra's report, electricity purchases by Discos dropped 1% in FY24, while power losses rose to 18...