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PRIMARY OBJECTIVES

Management ofWAPDAs 12 Companies for theirtransition towards a corporate and commercialoperating environment through Business Process

Reengineering.

Institute a Change Management Programme toinduct a new culture, latest technologies &Management practices

Develop framework for a competitive modernpower sector for cost effective operations forprovision of affordable electric power tocustomers.

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TRANSMISSION

FINANCE

WING

N T D C

POWER WING

GENERATION DISTRIBUTION

COMMONSERVICES

Grid Station / Trans. LinesOperation & Maintenance

Thermal Power

Stations

GENCOs DISCOs

Area Electricity Boards

FOCUS OF WAPDAs

RESTRUCTURING

. . . TRANSFORMING THESE ORGANIZATIONAL COMPONENTS

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RESTRUCTUREDPOWER WING

SOURCE OF MANPOWER FORSUPPORT SERVICES

PROVIDE

CHARGEABLE SERVICES

DISCOsGENCOs NTDC

(3) (1) (8)

Autonomous Companies

Authority

HYDEL

DEVT.

WATER

WING

HYDEL

OPERATIONS

FINANCEWING

COMMONSERVICES

RESIDUALASSETS

THE NEW WAPDA

WAPDA

( POST- RESTRUCTURING SCENARIO )

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ACTIONS COMPLETED

SUMMARY

Twelve (12) corporate entities formed under corporate law

Legal agreements such as BTA, ODA, ESA ,PPA & FSAexecuted between Wapda and corporate entities

PEPCO/Corporate Entities Board of Directors reconstituted

with representation from private sectorKey professionals for PEPCO and corporate entitieshired/selected.

Manpower Transition Program Phase-I completed. Phase IIlaunched.

Obtained Federal & Provincial tax exemptions

Opening balance sheets adopted and prepared first auditedfinancial statements for FY ending 30.6.99 for all thecorporatized entities

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ACTIONS COMPLETED

SUMMARY

Audited financial statements approved by board ofdirectors & shareholders

Applications for NEPRA license filed by all DISCOs andpublic hearings completed

Meetings held with NEPRA License group and issuesresolved paving way for the issuance of License

NEPRA conference held on 31-07-2000 for orientation ofGENCO personnel for preparation of License application.

Actuarial Studies for estimation of Pension Liabilities

Working Paper for Sale Consideration for Transfer ofWapda Shares to President of Pakistan Submitted to GOP

Revised FESCO Privatization Schedule submitted toPrivatization Commission

Consultants on board for MTP & Technical Studies

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ACTIVITIES IN PROCESS

Continuing actions for obtaining NEPRA licensefor DISCOs GENCOs and NTDC.

HRM Systems Development and preparation ofVoluntary Separation Scheme (VSS).

Implementation of Manpower TransitionProgramme Phase-II covering finalization of

organizational structure and manning levels incorporate entities and residual WAPDA. Phase-IIIManpower Transition Programme for depolyment/adjustement of manpower and provision of VSS

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ACTIVITIES IN PROCESS

Preparation of financial statements for FY ending June30th, 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 FYending 30.6.99 and updating financial models.

Completion of front end activities for privatization of

FESCO and development of transaction model as peragreed schedule with Privatization Commission

Preparation of documentation for support of LakhraPower Station (GENCO) proposed for privatization byWAPDA

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ACTIVITIES IN PROCESS

Monitoring of Consultants work progress, review ofdeliverables and implementation of the followingprojects:

Preparation of Grid Code, Distribution Code andConsumer Service Manual (essential requirement ofNEPRA License)

Specifications for upgradation & modernization planfor NPCC and Load Despatch System (to support PC-I

of $ 50 million already submitted to GOP)

Upgrading the Planning Capabilities and training ofpersonnel for undertaking distribution planning andpreparation of investment plans (essential for APL &providing technical self-reliance to DISCOs)

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ACTIVITIES IN PROCESS

Preparation of Environmental and Social PolicyDocument in support of Project Pre-Appraisal forWorld Bank Adaptable Program Loan (APL).

(Document is essential for pre-appraisal in March2001 by the World Bank)

Development and implementation of Enterprise-Wide IT Systems for financial/accounting

systems, inventory management and customerservices etc.

Assistance to NTDC & DISCOs for preparation offive (5) years Investment Plans for securing

funding under World Bank APL

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ACTIVITIES IN PROCESS

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 forsupport of DISCO position