ISLAMABAD: The Islamabad Electric Supply Company (Iesco) reported reductions in line losses, a record recovery rate, substantial revenue growth, continued system modernisation and an effective campaign against electricity theft.
Sharing details of the company’s performance, Iesco Chief Executive Engineer Chaudhry Khalid Mahmood said the Board of Directors had set a distribution loss target of 8.4pc for FY2025-26.
‘However, through meticulous planning, effective monitoring, operational excellence, and the tireless efforts of the Operations, Construction, GSO, GSC and Commercial formations, Iesco successfully reduced its line losses to 7.6pc, significantly surpassing the assigned target,’ he said.
He said the achievement reflected the professional leadership of the Board of Directors, thecommitment of the management, and the dedication of Iesco’s workforce.
The chief executive said the timely recovery of electricity dues remained one of Iesco’s highest priorities throughout the financial year. As a result of the coordinated efforts of the commercial formations, the company achieved a record recovery rate, setting another benchmark in operational excellence.
He congratulated Chief Engineer Commercial Ghulam Sarwar, all circle heads, superintending engineers, executive engineers, SDOs, recovery teams and field staff for their outstanding dedication and performance.
Engineer Chaudhry Khalid Mahmood said accurate and timely billing, strict enforcement against electricity theft and defaulters, expansion and upgrad ation of the distribution net work, commissioning of new grid stations, rehabilitation of overloadedfeeders and transformers, preventive maintenance, and continuous system improvements collectively enabled Iesco to generate an additional revenue of Rs6.5 billion compared to the previous financial year.
‘This additional amount has been deposited into the national exchequer, making a significant contribution towards strengthening Pakistan’s economy,’ he added.
He said the achievements were the result of the continuous support of Iesco Board of Directors Chairman Dr Tahir Masood, the members of the Board of Directors and the unwavering commitment of the company’s management, engineers, ofHcers and employees.
Paying special tribute to Iesco’s field workforce, the chief executive said the company’s line staff and recovery teams were the organisation’s greatest asset and the true backbone of its operations.