Chief Executive Office, FESCO Canal View, Abdullahpur, Phone # 041-9220184 Fax # 041-9220445 Web Site: www.fesco.gov.pk Status of the Entity: It is a registered Public Limited Company since May, 1998 under the Companies Ordinance, 1984. It falls under the category of under . “Exempt Entity” Inter-Governmental Relationship: It is a subsidiary of Pakistan Electric Power Company (PEPCO) which is an independent company, registered under the Companies Ordinance, 1984 as a private limited company. AUDITOR-GENERAL OF PAKISTAN Form PF- II PERMANENT FILE Understanding of Background Information Entity’s Business – Name of Entity/Organisation: FAISALABAD ELECTRIC SUPPLY COMPANY (FESCO) Size of Entity Total assets (as on 30-06-2008) = Rs. 40,338 million Total liabilities (as on 30-06-2008) = Rs. 42,479 million Total revenue (2007-2008) = Rs. 42,242 million Total expenditure (2007-2008) = Rs. 51,064 million Total Budget (2008-2009) Operations, maintenance and repairs Rs. 4,159 million Capital works Rs. 1,460 million Vision Statement To provide reliable, affordable and safe electricity to make industrial and agricultural sectors competitive for world market, there alleviating poverty in the area of responsibility. Core Operational Activity/Corporate Plan Purchase of Power from National Transmission & Despatch Company (NTDC) Distribution of Power to Public as well as Private Consumers.
Chief Executive Office, FESCO Canal View, Abdullahpur, Phone # 041-9220184 Fax # 041-9220445 Web Site: www.fesco.gov.pk Status of the Entity: It is a registered Public Limited Company since May, 1998 under the Companies Ordinance, 1984. It falls under the category of “Exempt Entity” under . Inter-Governmental Relationship: It is a subsidiary of Pakistan Electric Power Company (PEPCO) which is an independent company, registered under the Companies Ordinance, 1984 as a private limited company. AUDITOR-GENERAL OF PAKISTAN Form PF- II PERMANENT FILE Understanding of Entity’s Business – Background Information Name of Entity/Organisation: FAISALABAD ELECTRIC SUPPLY COMPANY (FESCO) Size of Entity Total assets (as on 30-06-2008) = Rs. 40,338 million Total liabilities (as on 30-06-2008) = Rs. 42,479 million Total revenue (2007-2008) = Rs. 42,242 million Total expenditure (2007-2008) = Rs. 51,064 million Total Budget (2008-2009) Operations, maintenance and repairs Rs. 4,159 million Capital works Rs. 1,460 million Vision Statement To provide reliable, affordable and safe electricity to make industrial and agricultural sectors competitive for world market, there alleviating poverty in the area of responsibility. Core Operational Activity/Corporate Plan Purchase of Power from National Transmission & Despatch Company (NTDC) Distribution of Power to Public as well as Private Consumers.
WAPDA-Audit-Guide-lines.docx