Power sector problems: Finance minister summons CCoR meeting

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Finance Minister Dr Abdul Hafeez Shaikh has convened an important meeting of Cabinet Committee on Restructuring (CCoR) on Thursday (today) to discuss power sector issues, official sources told Business Recorder. The sources said that the meeting would discuss power sector problems, impact of Pepco''s dissolution on employees, appointment of new Chief Executives Officers (CEO) and tariff issues.

"We have not yet notified revised power tariff. This matter will also be considered by the CCoR today (on Thursday)," the sources added. A day ago, Secretary Water and Power Imtiaz Kazi met with a delegation of Wapda''s union, which is resisting proposed privatisation of Gencos. He also presided over Pepco''s board meeting.

A team of American power sector''s experts, funded by the USAID, is also supervising power sector reforms besides the World Bank, which extended millions of dollars for this purpose. "We will also discuss defunct Pepco''s business plan 2012-13," the sources continued.

Dissolution of Pepco is part of power sector reforms initiated by the government in consultation with the World Bank and the Asian Development Bank. Pepco will be replaced by ''Central Power Purchase Agency'' (CPPA). Most of CPPA board members will be from the private sector. Two representatives will be taken from government, two from private sector, two from distribution companies and two from consumers. Pepco''s employees will be transferred to companies, and the boards concerned will resolve their issues relating to seniority.

Courtesy: BR

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