LESCO budget runs out for the purchase of new equipment, the tender may be canceled

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LESCO budget runs out for the purchase of new equipment, the tender may be canceled

The budget for the purchase of materials for development works in LESCO has run out, 4,000 new transformers are pending, Tenders will be canceled if Rs 1.70 billion is not arranged. To buy 4,000 new transformers for industries, business centers, and residential areas in LESCO. Separate tenders have been approved for which a total of Rs 1.70 billion has to be paid. If funds are not arranged by April 4, the tenders will be canceled. The budget has been depleted due to high cost of equipment, sources said, adding that prices of transformers have doubled in one year. A request has been sent to the director, the transformers in the stores have run out, it has become difficult to buy goods due to high prices and no company is ready to sell goods at official prices, a LESCO spokesperson said in a statement. Money of funds Considers the appearance.