Islamabad, Aug 22: As part of a continuing reorganization exercise, the federal government has dissolved the boards of four more state-owned electricity distribution firms (DISCOs) and appointed new boards.
Nine of the eleven DISCOs in the nation have undergone restructuring thus far. The most recent DISCOs to add new board members, according to sources, are Tribal Electric Supply Company (TESCO), Peshawar Electric Supply Company (PESCO), Quetta Electric Supply Company (QESCO), and Gujranwala Electric Power Company (GEPCO).
The terms of the new board members are three years.
After evaluating the effectiveness of the current boards, the Board Nominations Committee, which is overseen by the Energy Minister, suggested the modifications. Notably, the boards of FESCO, IESCO, MEPCO, and LESCO were reorganized in the immediate aftermath of the Federal Cabinet’s June 24 approval of the creation of new DISCO boards.
