On Thursday, Lahore Electric Supply Company (LESCO) Board approved the disbursement of Rs. 8 billion for the initiative to install smart electric meters throughout the provincial capital.
While keeping in view the increasing line losses and less-efficient system of monitoring, this initiative is expected to make Rs. 4.99 billion in profit in the next five years.
It is hard or impossible to change/reverse the meter reading in digital meters, this was one of the biggest causes behind this initiative.
According to some precise calculations, LESCO will cover all project expenses ultimately. The freshly installed meters will continue to function for the next 20 years and it will be practically impossible to change or adjust the readings on them, according to documents released along with the announcement.
On Wednesday, Chaudhry Pervaiz Elahi, the Chief Minister (CM) of Punjab, chaired a meeting of the Lahore Development Authority (LDA) at CM house, where he authorized and emphasized to adopt the Lahore Masterplan 2050.
CM also gave the order to construct regional, district, and municipal plans in accordance with the population percentages in the transportation, business, and industrial sectors.