The Federal Cabinet has given the go-ahead to privatize 13 companies under the Power Division. The list of such organizations, according to sources with knowledge of the matter, consists mostly of state-owned electric distribution firms.
Entities Not Included In The Privatization List
Quetta Electric as well as Tribal Electric Supply Companies are not included in this list of companies for privatization. Thus these two will still be controlled by government agencies until further notice.
Privatization Of GENCOs Under the Power Division
The inclusion of Generation Companies (GENCOs) in the power division’s privatization list was also approved by the Federal Cabinet. This is a major move towards opening up more parts of the energy sector including power generation firms to private hands.
National Importance Entities
In addition to that, six organizations Power Holding Limited and CPPA (Central Power Purchasing Agency) were designated as entities with national significance when it comes to their role within Pakistan’s electricity infrastructure which means they should remain under state supervision indefinitely.
Restructuring Four Bodies Given Approval For Restructuring Bodies Under Power Division By Federal Cabinet
Four bodies have been cleared for restructuring by the federal cabinet under its powers division approval which includes:
Quetta Electric
- Tribal Electric Supply Company
- NTDC – National Transmission and Despatch Company
- NESPAK – National Engineering Services Pakistan
Objectives Of Restructure
This move intends to improve operational efficiency among other things so that these bodies can provide better services while being financially stable themselves. To achieve such goals, performance improvement through restructuring is hoped for so that reliability may be ensured thus guaranteeing supply improvements along with necessary infrastructural developments in electricity supply chains across Pakistan Once again we see significant steps taken toward privatization and restructuring within our energy sector following recent announcements made by cabinet members regarding different departments involved here too.
