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PRIMARY OBJECTIVES

PRIMARY OBJECTIVES. WAPDA. Management of WAPDA’s 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

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PRIMARY OBJECTIVES

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  1. PRIMARY OBJECTIVES WAPDA • Management of WAPDA’s 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.

  2. ACTIONS COMPLETEDSUMMARY WAPDA • 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 corporate entities hired/selected. • 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

  3. ACTIONS COMPLETEDSUMMARY WAPDA • 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

  4. ACTIVITIES IN PROCESS WAPDA • 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

  5. ACTIVITIES IN PROCESS WAPDA • 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

  6. ACTIVITIES IN PROCESS WAPDA • 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)

  7. ACTIVITIES IN PROCESS WAPDA • 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 Enterprise-Wide 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

  8. ACTIVITIES IN PROCESS WAPDA • 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 for support of DISCO position

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