1 / 10

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

druce
Download Presentation

PRIMARY OBJECTIVES

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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

More Related