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Dr Farrukh Saleem
Dear Mian Sahib
Sir, you are determined to end loadshedding. Sir, as long as a federal minister sitting in Islamabad is appointing CEOs of Faisalabad Electricity Supply Company, Gujranwala Electric Power Company, Hyderabad Electric Supply Company, Islamabad Electric Supply Company, Lahore Electric Supply Company, Multan Electric Power Company, Peshawar Electric Supply Company, Quetta Electric Supply Company and Sukkur Electric Power Company, you – PM Nawaz Sharif – will not be able to end loadshedding.
Sir, are you really serious about ending loadshedding? Sir, as long as a federal minister sitting in Islamabad is appointing the heads of Jamshoro Power Company Limited, Central Power Generation Company Limited, Northern Power Generation Company Limited and Lakhra Power Generation Company Limited, you – PM Nawaz Sharif – will not be able to end loadshedding.
Sir, loadshedding is a mere symptom of a disease called the cancer of theft. Saudi Arabia can provide us truckloads of Panadol Extra Strength but Panadol is a pharmaceutical analgesic – a pain reliever. Sir, China can provide us trainloads of Aspro Clear Extra Strength but Aspro Clear Extra Strength is an antipyretic – a fever reducer. Panadol and Aspro can only depress symptoms, but do nothing to the disease. Sir, you are the only one who has to fight the cancer.
Sir, all government-run power entities are registered under the Companies Ordinance 1984. Sir, a federal minister appointing the CEO of a registered company is ultra vires because this is the legal obligation of the board.
Sir, on June 8, three days after you take the oath of the prime ministerial office, the Public Sector Companies (Corporate Governance) Rules 2013 is scheduled to go into effect. Under the rules, the boards of all Public Sector Companies are to “have forty percent of its total members as independent directors within the first two years of this notification, which shall be raised to a majority of independent directors in the next two years....”
Sir, if you are really serious about ending loadshedding then order all government-owned power sector companies to appoint a majority of independent directors on their boards within 100 days of your oath taking. Sir, if you are really serious about ending loadshedding you would have to end all ministerial interference. Let the board elect its chairman from “amongst the independent directors.” Let the board “exercise its powers and carry out its fiduciary duties with a sense of objective judgement and independence in the best interest of the company.” Allow no one to remove the independent directors. Let the board find the best CEO. Let the board establish a performance assessment framework (PAF). Sir, if you do all this you would clean-up maybe one-half of the mess we are in.
Sir, a smart metering infrastructure (SMI) – with real-time sensors, remote reporting and two-way communication between the meter and the central system – can clean-up an additional one-third of the mess we are in.
Sir, loadshedding cannot be ended without a truly independent, autonomous regulator. Nepra has neither professional expertise nor institutional capacity. We need a regulator that has the capacity and the expertise to safeguard the interests of the consumers, investors and operators. Sir, the primary driver behind cleaning up the electricity mess in Argentina and Chile was the establishment of an independent regulator. Sir, the three prerequisites for fulfilling your power promises to your 14.9 million voters are: decentralisation, technology and a completely reformed Nepra.
Dear Mian Sahib, unless “commitment is made, there are only promises and hopes...but no plans.”
The writer is a columnist based in Islamabad. Email: farrukh15@hotmail.com
Twitter: @saleemfarrukh
Dr Farrukh Saleem
Dear Mian Sahib
Sir, you are determined to end loadshedding. Sir, as long as a federal minister sitting in Islamabad is appointing CEOs of Faisalabad Electricity Supply Company, Gujranwala Electric Power Company, Hyderabad Electric Supply Company, Islamabad Electric Supply Company, Lahore Electric Supply Company, Multan Electric Power Company, Peshawar Electric Supply Company, Quetta Electric Supply Company and Sukkur Electric Power Company, you – PM Nawaz Sharif – will not be able to end loadshedding.
Sir, are you really serious about ending loadshedding? Sir, as long as a federal minister sitting in Islamabad is appointing the heads of Jamshoro Power Company Limited, Central Power Generation Company Limited, Northern Power Generation Company Limited and Lakhra Power Generation Company Limited, you – PM Nawaz Sharif – will not be able to end loadshedding.
Sir, loadshedding is a mere symptom of a disease called the cancer of theft. Saudi Arabia can provide us truckloads of Panadol Extra Strength but Panadol is a pharmaceutical analgesic – a pain reliever. Sir, China can provide us trainloads of Aspro Clear Extra Strength but Aspro Clear Extra Strength is an antipyretic – a fever reducer. Panadol and Aspro can only depress symptoms, but do nothing to the disease. Sir, you are the only one who has to fight the cancer.
Sir, all government-run power entities are registered under the Companies Ordinance 1984. Sir, a federal minister appointing the CEO of a registered company is ultra vires because this is the legal obligation of the board.
Sir, on June 8, three days after you take the oath of the prime ministerial office, the Public Sector Companies (Corporate Governance) Rules 2013 is scheduled to go into effect. Under the rules, the boards of all Public Sector Companies are to “have forty percent of its total members as independent directors within the first two years of this notification, which shall be raised to a majority of independent directors in the next two years....”
Sir, if you are really serious about ending loadshedding then order all government-owned power sector companies to appoint a majority of independent directors on their boards within 100 days of your oath taking. Sir, if you are really serious about ending loadshedding you would have to end all ministerial interference. Let the board elect its chairman from “amongst the independent directors.” Let the board “exercise its powers and carry out its fiduciary duties with a sense of objective judgement and independence in the best interest of the company.” Allow no one to remove the independent directors. Let the board find the best CEO. Let the board establish a performance assessment framework (PAF). Sir, if you do all this you would clean-up maybe one-half of the mess we are in.
Sir, a smart metering infrastructure (SMI) – with real-time sensors, remote reporting and two-way communication between the meter and the central system – can clean-up an additional one-third of the mess we are in.
Sir, loadshedding cannot be ended without a truly independent, autonomous regulator. Nepra has neither professional expertise nor institutional capacity. We need a regulator that has the capacity and the expertise to safeguard the interests of the consumers, investors and operators. Sir, the primary driver behind cleaning up the electricity mess in Argentina and Chile was the establishment of an independent regulator. Sir, the three prerequisites for fulfilling your power promises to your 14.9 million voters are: decentralisation, technology and a completely reformed Nepra.
Dear Mian Sahib, unless “commitment is made, there are only promises and hopes...but no plans.”
The writer is a columnist based in Islamabad. Email: farrukh15@hotmail.com
Twitter: @saleemfarrukh
Drepturi de autor:
Attribution Non-Commercial (BY-NC)
Formate disponibile
Descărcați ca PDF, TXT sau citiți online pe Scribd
Dr Farrukh Saleem
Dear Mian Sahib
Sir, you are determined to end loadshedding. Sir, as long as a federal minister sitting in Islamabad is appointing CEOs of Faisalabad Electricity Supply Company, Gujranwala Electric Power Company, Hyderabad Electric Supply Company, Islamabad Electric Supply Company, Lahore Electric Supply Company, Multan Electric Power Company, Peshawar Electric Supply Company, Quetta Electric Supply Company and Sukkur Electric Power Company, you – PM Nawaz Sharif – will not be able to end loadshedding.
Sir, are you really serious about ending loadshedding? Sir, as long as a federal minister sitting in Islamabad is appointing the heads of Jamshoro Power Company Limited, Central Power Generation Company Limited, Northern Power Generation Company Limited and Lakhra Power Generation Company Limited, you – PM Nawaz Sharif – will not be able to end loadshedding.
Sir, loadshedding is a mere symptom of a disease called the cancer of theft. Saudi Arabia can provide us truckloads of Panadol Extra Strength but Panadol is a pharmaceutical analgesic – a pain reliever. Sir, China can provide us trainloads of Aspro Clear Extra Strength but Aspro Clear Extra Strength is an antipyretic – a fever reducer. Panadol and Aspro can only depress symptoms, but do nothing to the disease. Sir, you are the only one who has to fight the cancer.
Sir, all government-run power entities are registered under the Companies Ordinance 1984. Sir, a federal minister appointing the CEO of a registered company is ultra vires because this is the legal obligation of the board.
Sir, on June 8, three days after you take the oath of the prime ministerial office, the Public Sector Companies (Corporate Governance) Rules 2013 is scheduled to go into effect. Under the rules, the boards of all Public Sector Companies are to “have forty percent of its total members as independent directors within the first two years of this notification, which shall be raised to a majority of independent directors in the next two years....”
Sir, if you are really serious about ending loadshedding then order all government-owned power sector companies to appoint a majority of independent directors on their boards within 100 days of your oath taking. Sir, if you are really serious about ending loadshedding you would have to end all ministerial interference. Let the board elect its chairman from “amongst the independent directors.” Let the board “exercise its powers and carry out its fiduciary duties with a sense of objective judgement and independence in the best interest of the company.” Allow no one to remove the independent directors. Let the board find the best CEO. Let the board establish a performance assessment framework (PAF). Sir, if you do all this you would clean-up maybe one-half of the mess we are in.
Sir, a smart metering infrastructure (SMI) – with real-time sensors, remote reporting and two-way communication between the meter and the central system – can clean-up an additional one-third of the mess we are in.
Sir, loadshedding cannot be ended without a truly independent, autonomous regulator. Nepra has neither professional expertise nor institutional capacity. We need a regulator that has the capacity and the expertise to safeguard the interests of the consumers, investors and operators. Sir, the primary driver behind cleaning up the electricity mess in Argentina and Chile was the establishment of an independent regulator. Sir, the three prerequisites for fulfilling your power promises to your 14.9 million voters are: decentralisation, technology and a completely reformed Nepra.
Dear Mian Sahib, unless “commitment is made, there are only promises and hopes...but no plans.”
The writer is a columnist based in Islamabad. Email: farrukh15@hotmail.com
Twitter: @saleemfarrukh
Drepturi de autor:
Attribution Non-Commercial (BY-NC)
Formate disponibile
Descărcați ca PDF, TXT sau citiți online pe Scribd