spokesman told reporter here on Sunday that FESCO
Chief Executive Officer (CEO) Faisalabad Electric Supply Company (FESCO
) has warned the FESCO
officers and officials that any lethargic attitude would not be tolerated in achieving the set targets for company and action would be continued against power pilferage without any discrimination and escalate the speed of night raids, he was addressing a review meeting of first circle at FESCO
headquarters here today.
He said that other distribution companies should follow his footstep while Secretary Energy Irfan Ali said that FESCO
CEO has set an example of honesty, hard working and professionalism for others.
Chief Executive Officer Mujahid Islam Billah said the company had achieved the line losses curtailment target set by Nepra.
Earlier, the Authority (NEPRA) determined a multi-year tariff for the Islamabad Electric Supply Company (IESCO), Faisalabad Electric Supply Company (FESCO
), and Lahore Electric Supply Company (LESCO) for the FY 2015-16 to FY 2019-20, and the same was notified by the federal government on March 22, 2018.
The police have registered an FIR after the Fesco
employees and lawyers had a a skirmish in Fesco
office the other day.
As the hearing proceeded, Justice Shahid Karim of LHC also directed the ministry to submit reply on the next hearing regarding appointment of new CEO and MD of FESCO
On 14 Jan Interfax reported (citing Summa) that FESCO
had borrowed an undisclosed sum of money from ING and Natixis banks and pledged its 20% stake in TransContainer as collateral.
The acquisition, whose value Vinokurov did not disclose, is just one of the deals Summa is currently pursuing as part of its plan to get control of Fesco
With a strong focus on the Pacific trades, FESCO
Agencies North America, Inc., wholly owned by FESCO
, supports a variety of liner services, including: FESCO
Pacific Line (FPL) with a fixed-day weekly frequency to and from Russia; and FESCO
Australia North America Line (FANAL), offering a fixed-day weekly service to and from Australia, New Zealand and islands in the South Pacific.
Earlier, CEO FESCO
along with other participants of the function hoisted the flag.