LESCO is Going to Start Privatization of High Loss Feeders
Last Updated On By John Thomas
LAHORE: The board of directors of Lahore Electric Supply Corporate (LESCO-BoD) gave its approval on Monday to both outsource its high-loss feeders and use a testing agency to fill various company positions.
Hafiz Muhammad Nauman, the chairman of the LESCO-BoD, revealed this to the public after presiding over the board meeting in this location.
Hafiz Nauman added, “The board had approved outsourcing of 22 high loss-making feeders of LESCO in an effort to foster public-private partnerships and to strengthen the company’s administration and operation. According to this, he continued, the method to manage line losses and tripping issues on such feeders would be handled by private companies.
He claimed that in order to improve solar power generation, solar power plants will be erected in collaboration with the private sector, and that offers to invest in solar projects were being made to various businesses.
The low cost of electricity generation from solar resources would undoubtedly contribute to lowering the cost of the energy mix. He said that the energy produced by those solar power plants would be added to LESCO’s infrastructure.
According to Hafiz Nauman, the board also approved the purchase of 50KVA transformers, taking into mind the industry’s regular use of these devices.
In order to assure merit and transparency in the hiring process, the LESCO board also agreed to conduct testing services for various positions inside the organization.
The board members, LESCO Chief Executive Officer (CEO) Chaudhry Muhammad Amin, and the Directors and Chief Financial Officer attended the meeting.
