KARACHI - Six hours of loadshedding on rotational basis has currently gripped the City due to shortage of 400-450 megawatts of power supply. The main units at Bin Qasim power plant are primarily running on gas and the pressure is comparatively very low at 122 power transformers while 88 are over burdened. There are reportedly 30 cable faults which were caused due to torrential rain which are yet to be repaired. The system is currently over burdened and the worse affected areas are Manzoor Colony, Mahmoodabad, Lyari and G Allama Road. Meanwhile, the new chief financial officer of the KESC, Jaleel Tareen, will take charge by August 15. Whereas the CEO Gen (retd) Amjad has not resumed the office after his return from Umrah. Moreover, due to critical administrative hurdles with regard to the KESC assets and liquidity issue, the Dubai-based Al Abaraj is dragging its feet on taking over the KESC unless these contentious issues have been resolved, the sources said. There are reports that Al Abaraj is not satisfied about the continuing dispute over the outstanding dues between the Wapda and the KESC. The new owners, to whom Al Jomaih group has sold the controlling shares of the KESC, and thus the management of the KESC is insisting that this matter should be settled before they formally take over the charge. While Wapda is insisting that the KESC owes its 40 billion rupees while the KESC maintained that the outstanding amount is Rs 13 billion. The matter has remained unresolved because Wapda is maintaining that its cost of fuel has soared considerably for supplying power to the KESC. The KESC, on the other hand, has maintained that Wapda should charge the cost of hydel energy. In view of the deteriorating situation of the KESC, there are fears that the government might appoint a liquidator rather than an administrator. Such a move will save the investors but might deprive workers of their provident fund who are already mortgaged by the privatised management. Meanwhile, the shopkeepers and market owners of Zainab Market protested against the high-ups of KESC in front of KESC head office off Abdullah Haroon Road.