The Federal government has dissolved the boards of four more state-owned electricity distribution companies, sources told Raised by Numbers.
New boards have been constituted for these companies, bringing the total to nine out of eleven companies that have undergone this process.
The companies that now have new boards include Gujranwala Electric Power Company (GEPCO), Quetta Electric Supply Company (QESCO), Tribal Electric Supply Company (TESCO), and Peshawar Electric Supply Company (PESCO).
The new boards have been appointed for a three-year term.
Imran Zafar has been appointed as the Chairman of GEPCO, while Mahfooz Ali Khan will head the board of QESCO. Himmatullah Khan has been designated as the Chairman for both PESCO and TESCO.
The restructuring comes in response to unsatisfactory performance by the directors of these companies, as reported by government sources. The Board Nominations Committee, led by the Minister of Power, recommended the dissolution of the previous boards.
Previously, new boards had already been formed for five other distribution companies: Faisalabad Electric Supply Company (FESCO), Islamabad Electric Supply Company (IESCO), Multan Electric Power Company (MEPCO), Lahore Electric Supply Company (LESCO), and Hyderabad Electric Supply Company (HESCO).
The federal cabinet had approved the formation of new boards for nine distribution companies on June 24. However, the Prime Minister has halted the reconstitution of boards for Hyderabad and Sukkur Electric Supply Companies.