5:51 AM
Garment Blogger
Faisalabad Electric
Supply Company (FESCO) has settled the long standing dispute over
billing amount with Galaxy Textile Mills, Jhang, without furthering any
undue concessions, FESCO has announced.
FESCO said it is one of the best power distribution companies, and has been meeting all the targets set by the National Electric Power Regulatory Authority (NEPRA). This could only be achieved with total consumer satisfaction and when full recoveries are made, the company said.
FESCO will recover outstanding dues of Pk Rs. 70.246 million from Galaxy Textile Mills in eight quarterly instalments. The instalment amount begins with Pk Rs. 2.5 million, and then increases to Rs. 5 million, Rs. 7.5 million and lastly Rs.10 million.
The electricity supply company said the quarterly instalments are arrived at after including late payment surcharge and interest at the prevailing bank rates.
FESCO has obtained post-dated cheques towards instalment amounts, and the power supply to the textile manufacturing unit would be liable for disconnection if the company defaults in paying any instalment.
For more details please visit: FESCO settles billing row with Galaxy Textile Mills @ fibre2fashion
FESCO said it is one of the best power distribution companies, and has been meeting all the targets set by the National Electric Power Regulatory Authority (NEPRA). This could only be achieved with total consumer satisfaction and when full recoveries are made, the company said.
FESCO will recover outstanding dues of Pk Rs. 70.246 million from Galaxy Textile Mills in eight quarterly instalments. The instalment amount begins with Pk Rs. 2.5 million, and then increases to Rs. 5 million, Rs. 7.5 million and lastly Rs.10 million.
The electricity supply company said the quarterly instalments are arrived at after including late payment surcharge and interest at the prevailing bank rates.
FESCO has obtained post-dated cheques towards instalment amounts, and the power supply to the textile manufacturing unit would be liable for disconnection if the company defaults in paying any instalment.
For more details please visit: FESCO settles billing row with Galaxy Textile Mills @ fibre2fashion
Posted in: FESCO settles,Galaxy Textile Mills,National Electric Power Regulatory Authority,textile manufacturing,Textile Mills
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