Power firms swallow billions of rupees.

INDIAN rupee; BUSINESS enterprises; DEGLUTITION

The regulator has started a probe to unearth where billions of rupees, collected from consumers for the earthing of electric poles, were invested by DISCOs. Nepra countered that Lesco had failed to perform its duty of providing electricity to consumers, adding that the consumers had paid the cost but the earthing system was not installed. Power distribution companies (DISCOs) have eaten up billions of rupees collected from electricity consumers in the name of installing earthing systems to avoid fatal incidents in future. [Extracted from the article]

Copyright of Energy Update is the property of Knowledge Bylanes and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)