PRIMARY OBJECTIVES

Management of WAPDAs 12 Companies for their transition towards a corporate and commercial operating environment through Business Process Reengineering.
Institute a Change Management Programme to induct a new culture, latest technologies & Management practices

Develop framework for a competitive modern power sector for cost effective operations for provision of affordable electric power to customers.

F OCU S OF W AP DAs R E S T R U CT U R ING

NTDC
POWER WING

GENCOs

FINANCE WING

COMMON SERVICES

DISCOs

GENERATION Thermal Power Stations

TRANSMISSION Grid Station / Trans. Lines Operation & Maintenance

DISTRIBUTION

Area Electricity Boar ds

. . . TRANSFORMING THESE ORGANIZATIONAL COMPONENTS

WAPDA ( POST- RESTRUCTURING SCENARIO )

THE NEW WAPDA Authority RESTRUCTURED POWER WING

FINANCE WING

SOURCE OF MANPOWER FOR SUPPORT SERVICES PROVIDE CHARGEABLE SERVICES

COMMON SERVICES RESIDUAL ASSETS

Autonomous Companies
WATER WING HYDEL DEVT. HYDEL OPERATIONS

GE NCOs

NTDC

DIS CO s

(3)

(1)

(8)

ACTIONS COMPLETED SUMMARY

Twelve (12) corporate entities formed under corporate law

Legal agreements such as BTA, ODA, ESA ,PPA & FSA executed between Wapda and corporate entities
PEPCO/Corporate Entities Board of Directors reconstituted with representation from private sector Key professionals for PEPCO and hired/selected. corporate entities

Manpower Transition Program Phase-I completed. Phase II launched. Obtained Federal & Provincial tax exemptions Opening balance sheets adopted and prepared first audited financial statements for FY ending 30.6.99 for all the corporatized entities

ACTIONS COMPLETED SUMMARY

Audited financial statements approved by board of directors & shareholders Applications for NEPRA license filed by all DISCOs and public hearings completed Meetings held with NEPRA License group and issues resolved paving way for the issuance of License NEPRA conference held on 31-07-2000 for orientation of GENCO personnel for preparation of License application. Actuarial Studies for estimation of Pension Liabilities Working Paper for Sale Consideration for Transfer of Wapda Shares to President of Pakistan Submitted to GOP

Revised FESCO Privatization Schedule submitted to Privatization Commission

Consultants on board for MTP & Technical Studies

ACTIVITIES IN PROCESS
Continuing actions for obtaining NEPRA license for DISCOs GENCOs and NTDC.
HRM Systems Development and preparation of Voluntary Separation Scheme (VSS). Implementation of Manpower Transition Programme Phase-II covering finalization of organizational structure and manning levels in corporate entities and residual WAPDA. Phase-III Manpower Transition Programme for depolyment/ adjustement of manpower and provision of VSS

ACTIVITIES IN PROCESS
Preparation of financial statements for FY ending June 30th, 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 FY ending 30.6.99 and updating financial models. Completion of front end activities for privatization of FESCO and development of transaction model as per agreed schedule with Privatization Commission Preparation of documentation for support of Lakhra Power Station (GENCO) proposed for privatization by WAPDA

ACTIVITIES IN PROCESS
Monitoring of Consultants work progress, review of deliverables and implementation of the following projects:
Preparation of Grid Code, Distribution Code and Consumer Service Manual (essential requirement of NEPRA License) Specifications for upgradation & modernization plan for NPCC and Load Despatch System (to support PC-I of $ 50 million already submitted to GOP)

Upgrading the Planning Capabilities and training of personnel for undertaking distribution planning and preparation of investment plans (essential for APL & providing technical self-reliance to DISCOs)

ACTIVITIES IN PROCESS
Preparation of Environmental and Social Policy Document in support of Project Pre-Appraisal for World Bank Adaptable Program Loan (APL). (Document is essential for pre-appraisal in March 2001 by the World Bank)
Development and implementation of EnterpriseWide IT Systems for financial/accounting systems, inventory management and customer services etc. Assistance to NTDC & DISCOs for preparation of five (5) years Investment Plans for securing funding under World Bank APL

ACTIVITIES IN PROCESS
Resolution of Small Power Producers (SPPs/CPPs) issues for inter-connection on DISCO network and ongoing follow-up with NEPRA, Ministry of W&P for support of DISCO position