Wednesday,
April 25, 2012
To this effect, the National Electric Power Regulatory Authority (Nepra) has detected a scam of over Rs29 billion in three government-owned (Gencos) under the heads of theft of furnace oil and using additional free electricity.
The power regulator revealed its findings in its report of which a copy is exclusivelydisclosing about the huge swindling and inflicting of massive loss on the national exchequer during the period from 2007-8 to 2009-10.
According to the report, Nepra constituted a special committee in 2011 to look into the dubious affairs of the three government owned Gencos that include Northern, Central and Jamshoro.Pakistan
Managing Director, Pepco Rasool Khan Mehsud, the report mentions, had informed the committee in writing saying that Pepco and three Gencos are not involved in any stealing of furnace oil and excessive use of electricity.
In the wake of zero cooperation, members of the probing committee kept on working and they themselves visited the Gencos and completed its report after one year's time. The report divulges that the system braved the huge loss of Rs25.87 billion in the wake of stealing of furnace oil and Rs3.45 billion on account of excessive use of free of cost electricity.
The Genco-I sustained loss of Rs5.573 billion, Gencos-II, Rs5.761 billion and Genco-II Rs14.541 billion in the said period because of stealing and excessive use of furnace oil. The investigation report says that Genco-I braved the loss of Rs660 million, Genco-II Rs171 million, and Genco-III Rs2.621 billion just because of excessive usage of the free of cost electricity.
The three companies used the free electricity beyond their limits and likewise, the said companies used the furnace oil more than the benchmarks fixed by Nepra. The report says the three Gencos are directly functioning under the Ministry of Water and Power. The residential colonies of the said Gencos are being provided uninterrupted supply of electricity and gas.
It also discloses that there exists no measuring tool at all the volume of furnace oil while transferring to the power plants and even there is no standard procedure being pursued in calculating the volume of furnace oil in the tanks.
Nepra has recommended to the government asking for fixing the responsibility of those who are involved in stealing and wastage of billions of rupees furnace oil and using of additional free of cost of electricity.
Nepra also mentioned that transportation of oil from supplier to Gencos is the responsibility of oil supplier and there is no Fuel Supply Agreement (FSA) between fuel supplier and Gencos except Genco-III which has FSA with Pakistan State Oil. Nepra also identifies that there is no standards operating procedures (SOPs) while handling the RFO (Residual Furnace Oil) receiving at Gencos.
ISLAMABAD:
At a time when the top functionaries of the Ministry of Water and Power are
yelling for pennies to purchase furnace oil for making the power houses
operational, it has been found that the powerful lobby of influential but
unscrupulous elements have swindled over Rs29 billion in the three public
sector electricity generation companies (Gencos).
To this effect, the National Electric Power Regulatory Authority (Nepra) has detected a scam of over Rs29 billion in three government-owned (Gencos) under the heads of theft of furnace oil and using additional free electricity.
The power regulator revealed its findings in its report of which a copy is exclusivelydisclosing about the huge swindling and inflicting of massive loss on the national exchequer during the period from 2007-8 to 2009-10.
According to the report, Nepra constituted a special committee in 2011 to look into the dubious affairs of the three government owned Gencos that include Northern, Central and Jamshoro.
Managing Director, Pepco Rasool Khan Mehsud, the report mentions, had informed the committee in writing saying that Pepco and three Gencos are not involved in any stealing of furnace oil and excessive use of electricity.
In the wake of zero cooperation, members of the probing committee kept on working and they themselves visited the Gencos and completed its report after one year's time. The report divulges that the system braved the huge loss of Rs25.87 billion in the wake of stealing of furnace oil and Rs3.45 billion on account of excessive use of free of cost electricity.
The Genco-I sustained loss of Rs5.573 billion, Gencos-II, Rs5.761 billion and Genco-II Rs14.541 billion in the said period because of stealing and excessive use of furnace oil. The investigation report says that Genco-I braved the loss of Rs660 million, Genco-II Rs171 million, and Genco-III Rs2.621 billion just because of excessive usage of the free of cost electricity.
The three companies used the free electricity beyond their limits and likewise, the said companies used the furnace oil more than the benchmarks fixed by Nepra. The report says the three Gencos are directly functioning under the Ministry of Water and Power. The residential colonies of the said Gencos are being provided uninterrupted supply of electricity and gas.
It also discloses that there exists no measuring tool at all the volume of furnace oil while transferring to the power plants and even there is no standard procedure being pursued in calculating the volume of furnace oil in the tanks.
Nepra has recommended to the government asking for fixing the responsibility of those who are involved in stealing and wastage of billions of rupees furnace oil and using of additional free of cost of electricity.
Nepra also mentioned that transportation of oil from supplier to Gencos is the responsibility of oil supplier and there is no Fuel Supply Agreement (FSA) between fuel supplier and Gencos except Genco-III which has FSA with Pakistan State Oil. Nepra also identifies that there is no standards operating procedures (SOPs) while handling the RFO (Residual Furnace Oil) receiving at Gencos.
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