Pakistan Electric Power Company Explained

Pakistan Electric Power Company (PEPCO) (Urdu: {{Nastaliq| مشارکتِ برقی توانائی پاکستان) is a defunct holding company and used to operate as a division of the Ministry of Water and Power (Pakistan).^{[1] [2]}

History

PEPCO was incorporated in 1998 in pursuance of the “Strategic Plan for Restructuring of Pakistan Power Sector” to facilitate the transition process in WAPDA power wing and effective corporatization of new entities after unbundling of WAPDA. In pursuance of this mandate, PEPCO signed a memorandum of agreement (MoA) with WAPDA for a period of 2 years. In its defined role, PEPCO is responsible for assisting the Ministry of Energy (Power Division), Government of Pakistan in effectively monitoring and oversight of the Distribution Companies (DISCOs)

In 2000, WAPDA transferred power distribution companies to Pakistan Electric Power Company (PEPCO) under a reorganization plan of power sector in Pakistan.^[3]

In 2021, the headquarters of PEPCO was shifted to Islamabad from Lahore, and it was decided to rename it as Power Planning and Monitoring Company.^{[4] [5]}

Subsidiaries

The following companies came under PEPCO:

• Distribution companies (DISCOs)
• Generation companies (GENCOs)
• Power Information Technology Company

Notes and References

1. Web site: Power sector payables rise to Rs1.88tr, Pepco informs Senate. Khaleeq. Kiani. March 4, 2020. DAWN.COM.
2. Web site: Liquidation: Plans ready to wind up PEPCO. January 23, 2015. The Express Tribune.
3. Web site: How we got here | Political Economy. The News International.
4. Web site: Pepco to be called Power Planning and Monitoring Company. Khalid. Hasnain. October 29, 2021. DAWN.COM.
5. Web site: Govt to shift Pepco HQ from Lahore to Islamabad. Khaleeq. Kiani. October 11, 2021. DAWN.COM.