GENCO Holdings fails to generate power in Islamabad

Power tariff

ISLAMABAD: The government has issued a contract to GENCO Holding Company Limited for power generation in Islamabad but the results have been seen and people are still facing massive power outages.

The company is producing 4000 MW electricity against the capacity of 7000 MW. This is despite the massive allocation of resources and investment by the federal government.

It has been revealed that a power lobby within the company does not want to reach the full capacity of power generation as the misuse of resources will be exposed. The Power Division had failed to initiate action against private sector power plants.

CEO GENCO Holding Company Limited Muhammad Imran Mian is the head of the organisation for the past five years despite not having an engineering degree.

The engineering organisation having various power plants with different technologies as being headed by an accounts officer. As a consequence of the lack of know and extraneous placements, GENCOS have already sustained massive losses.

Mian Imran works a link between four Power Generation Companies (GENCOS) and Power Division and possesses a degree and certification in accounts. He was initially appointed as Finance Director on contractual basis in GENCO-II TPS Guddu before moving to Islamabad.

The said incumbent happens to be from a non-technical and non-engineering cadre. His subsequent placement against engineering position is illegal and unlawful being a non-engineering professional.

The Pakistan Engineering Council has said that an engineer will be appointed as the head of GENCO, while Mian Imran said he is working as an Audit Finance Director in the private sector company. More than 300 employees are idle due to being unable to work on full capacity and sustaining Rs10 billion loss to the national exchequer.

In May 2018, Federal Investigation Agency also approved to initiate against Muhammad Imran Mian, Al-Tariq Engineering Contractor and others regarding the alleged violation of procurement rules at thermal power stations in Jamshoro which caused a huge loss to the national exchequer.

Do you want to read authentic news from Pakistan & across the world? So download MM News App Now !
Comments: 0

Your email address will not be published. Required fields are marked with *