CDA, Iesco decide to settle outstanding dues

Islamabad: After years of dispute on outstanding dues, the Capital Development Authority (CDA) and the Islamabad Electric Supply Company (Iesco) have decided to form a joint committee to sort out the problem.

Member Finance of CDA and Director Finance of Iesco are likely to head their sides in the joint committee which will reach a reconciled amount of outstanding dues. Interestingly, it has been learnt that the Iesco owes more amount to CDA than its outstanding dues against the civic body as electricity bills. The Iesco is to pay heavy charges in billions as lease amount building under its use in the federal capital

The Chief Executive Officer (CEO) of Islamabad Electric Supply Company (Iesco) met with the Chairman of the Capital Development Authority (CDA) and Chief Commissioner Islamabad, Muhammad Ali Randhawa, at the CDA Headquarters on Monday. During the meeting, both sides agreed to enhance mutual cooperation and improve coordination between the two institutions. It was also decided that matters related to electricity theft, illegal connections, and the measures to prevent electricity theft were also deliberated. The CDA chairman highlighted the need for effective coordination to address electricity theft and ensure its prevention.