pepco presentation
TRANSCRIPT
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PRIMARY OBJECTIVES
Management ofWAPDAs 12 Companies for theirtransition towards a corporate and commercialoperating environment through Business Process
Reengineering.
Institute a Change Management Programme toinduct a new culture, latest technologies &Management practices
Develop framework for a competitive modernpower sector for cost effective operations forprovision of affordable electric power tocustomers.
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TRANSMISSION
FINANCE
WING
N T D C
POWER WING
GENERATION DISTRIBUTION
COMMONSERVICES
Grid Station / Trans. LinesOperation & Maintenance
Thermal Power
Stations
GENCOs DISCOs
Area Electricity Boards
FOCUS OF WAPDAs
RESTRUCTURING
. . . TRANSFORMING THESE ORGANIZATIONAL COMPONENTS
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RESTRUCTUREDPOWER WING
SOURCE OF MANPOWER FORSUPPORT SERVICES
PROVIDE
CHARGEABLE SERVICES
DISCOsGENCOs NTDC
(3) (1) (8)
Autonomous Companies
Authority
HYDEL
DEVT.
WATER
WING
HYDEL
OPERATIONS
FINANCEWING
COMMONSERVICES
RESIDUALASSETS
THE NEW WAPDA
WAPDA
( POST- RESTRUCTURING SCENARIO )
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ACTIONS COMPLETED
SUMMARY
Twelve (12) corporate entities formed under corporate law
Legal agreements such as BTA, ODA, ESA ,PPA & FSAexecuted between Wapda and corporate entities
PEPCO/Corporate Entities Board of Directors reconstituted
with representation from private sectorKey professionals for PEPCO and corporate entitieshired/selected.
Manpower Transition Program Phase-I completed. Phase IIlaunched.
Obtained Federal & Provincial tax exemptions
Opening balance sheets adopted and prepared first auditedfinancial statements for FY ending 30.6.99 for all thecorporatized entities
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ACTIONS COMPLETED
SUMMARY
Audited financial statements approved by board ofdirectors & shareholders
Applications for NEPRA license filed by all DISCOs andpublic hearings completed
Meetings held with NEPRA License group and issuesresolved paving way for the issuance of License
NEPRA conference held on 31-07-2000 for orientation ofGENCO personnel for preparation of License application.
Actuarial Studies for estimation of Pension Liabilities
Working Paper for Sale Consideration for Transfer ofWapda Shares to President of Pakistan Submitted to GOP
Revised FESCO Privatization Schedule submitted toPrivatization Commission
Consultants on board for MTP & Technical Studies
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ACTIVITIES IN PROCESS
Continuing actions for obtaining NEPRA licensefor DISCOs GENCOs and NTDC.
HRM Systems Development and preparation ofVoluntary Separation Scheme (VSS).
Implementation of Manpower TransitionProgramme Phase-II covering finalization of
organizational structure and manning levels incorporate entities and residual WAPDA. Phase-IIIManpower Transition Programme for depolyment/adjustement of manpower and provision of VSS
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ACTIVITIES IN PROCESS
Preparation of financial statements for FY ending June30th, 2000 carrying out of audit and obtain BOD,AGM approval
Completion of Financial Modeling exercise for GENCOs,NTDC and DISCOs using audited financial data of FYending 30.6.99 and updating financial models.
Completion of front end activities for privatization of
FESCO and development of transaction model as peragreed schedule with Privatization Commission
Preparation of documentation for support of LakhraPower Station (GENCO) proposed for privatization byWAPDA
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ACTIVITIES IN PROCESS
Monitoring of Consultants work progress, review ofdeliverables and implementation of the followingprojects:
Preparation of Grid Code, Distribution Code andConsumer Service Manual (essential requirement ofNEPRA License)
Specifications for upgradation & modernization planfor NPCC and Load Despatch System (to support PC-I
of $ 50 million already submitted to GOP)
Upgrading the Planning Capabilities and training ofpersonnel for undertaking distribution planning andpreparation of investment plans (essential for APL &providing technical self-reliance to DISCOs)
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ACTIVITIES IN PROCESS
Preparation of Environmental and Social PolicyDocument in support of Project Pre-Appraisal forWorld Bank Adaptable Program Loan (APL).
(Document is essential for pre-appraisal in March2001 by the World Bank)
Development and implementation of Enterprise-Wide IT Systems for financial/accounting
systems, inventory management and customerservices etc.
Assistance to NTDC & DISCOs for preparation offive (5) years Investment Plans for securing
funding under World Bank APL
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ACTIVITIES IN PROCESS
Resolution of Small Power Producers (SPPs/CPPs)issues for inter-connection on DISCO network and on-going follow-up with NEPRA, Ministry of W&P forsupport of DISCO position