Pakistan Electric Power Company
Pakistan Electric Power Company (Urdu: پاکستان الیکٹرک پاور کمپنی), colloquially known as PEPCO, is a holding company that monitor's and coordinates Pakistan's Distribution Companies (DISCOs) and used to operate as a division of the Ministry of Water and Power (Pakistan).[1][2]
History
[edit]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]
Ten years after its initial dissolution PEPCO was revived in 2020 as a "Managing Agent" of utility distribution companies in Pakistan.[4]
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.[5][6]
Subsidiaries
[edit]The following companies came under PEPCO:
References
[edit]- ^ Kiani, Khaleeq (March 4, 2020). "Power sector payables rise to Rs1.88tr, Pepco informs Senate". DAWN.COM.
- ^ "Liquidation: Plans ready to wind up PEPCO". The Express Tribune. January 23, 2015.
- ^ "How we got here | Political Economy". The News International.
- ^ "Pepco revival: more to be done". The News International. Retrieved 2024-11-10.
- ^ Hasnain, Khalid (October 29, 2021). "Pepco to be called Power Planning and Monitoring Company". DAWN.COM.
- ^ Kiani, Khaleeq (October 11, 2021). "Govt to shift Pepco HQ from Lahore to Islamabad". DAWN.COM.
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