ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday approved the establishment of Hazara Electric Supply Company (HAZECO) by the bifurcation of Peshawar Electric Supply Company (PESCO).
According to a notification issued by the Power Division, the step was taken to improve Peshawar Electric Supply Company (PESCO). The federal government is aiming to increase operational efficiency, improve customer services and reduce line losses of the electricity utility.
The electricity utility will be split into two firms, PESCO and HAZECO following the approval of the premier.
PESCO will consist of 6 circles including Peshawar, Khyber, Swat, Bannu, Mardan and Swabi circles, meanwhile, HAZECO will consist of Hazara-I and Hazara-II Circles.
Moreover, the main headquarters of Hazara Electric Supply Company will be established in Abbottabad while Power Planning and Monitoring Company (PPMC) will provide full support to both firms.