Transcript PRESENTATION TO ADB MISSION - Wapda

PRIMARY OBJECTIVES
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.
F OCU S OF W AP DA’s
R E S T R U CT U R ING
NTDC
POWER WING
GENCOs
FINANCE
WING
GENERATION
Thermal Power
Stations
COMMON
SERVICES
TRANSMISSION
Grid Station / Trans. Lines
Operation & Maintenance
DISCOs
DISTRIBUTION
Area Electricity Boar ds
. . . TRANSFORMING THESE ORGANIZATIONAL COMPONENTS
WAPDA
( POST- RESTRUCTURING SCENARIO )
THE NEW WAPDA
RESTRUCTURED
POWER WING
Authority
FINANCE
WING
COMMON
SERVICES
SOURCE OF MANPOWER FOR
SUPPORT SERVICES
PROVIDE
CHARGEABLE SERVICES
RESIDUAL
ASSETS
Autonomous Companies
WATER
WING
HYDEL
DEVT.
HYDEL
OPERATIONS
GE NCOs
(3)
NTDC
(1)
DIS CO s
(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