Pakistan Electric Power Company (PEPCO) was established in 1998 for implementation of the Strategic Plan for Privatization of Power Wing of WAPDA, approved by the Council of Common Interest (CCI) in 1993. It was decided that WAPDA’s Power utility functions be separated and the Power Wing be unbundled and corporatized into DISCOs, GENCOs, and the NTDC.
In its defined role, PEPCO is responsible for assisting the Power Division, Ministry of Energy, Government of Pakistan in effectively monitoring and oversight of the Distribution Companies (DISCOs) in the following areas:
§ Performance Monitoring according to specified Key Performance Indicators (KPIs).
§ Monitoring & Evaluation of Financial Performance.
§ Monitoring of Revenue and Commercial Operation.
§ Effective HR control to boost up efficiency (not limited to promotions on the basis of integrated seniorities of BPS-18 and above officers and inter-Company transfers but include other HR matters).
§ Surveillance & Investigation & Federal Complaint Cell
§ Timely and uniform implementation of emerging technologies like AMI, Smart Grids, etc.
§ Performance-based career progression to replace the present seniority basis system to promote and retain high-quality HR and weeding out non-performers
§ Standardization of benchmarks across the Companies like financial, management, technical, and HR
§ Capacity building of the Companies to cater to future challenges
§ Uniform implementation of Government policies and programs
§ Evolve the corporate governance structures to ensure compliance with applicable laws/rules.
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News about latest developments in the sector, and activities of PEPCO