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INTRODUCTION

Purpose of the study
Purpose of the study was two pronged.

General Purpose

To get acquaintance to the MEPCO operations.

To know what sort of changes management brings in managerial activities.

To see the application of our Professional studies especially.

Specific Purpose
Specific purpose of the study includes.

A partial fulfillment as a requirement for the completion of BBA(Hons) degree.

To objectively observe the operations of MEPCO in general and the operations
of MEPCO in specific.

To make recommendations or implementation plans for the improvement of the
operations of MEPCO in the light of our professional studies.

WAPDA, the Pakistan Water and Power Development Authority, was created in 1958 as
a Semi-Autonomous Body for the purpose of coordinating and giving a unified direction
to the development of schemes in Water and Power Sectors, which were previously
being dealt with, by the respective Electricity and Irrigation Department of the
Provinces.

gov. WAPDA is responsible for water and hydropower development whereas PEPCO is vested with the responsibility of thermal power generation.  The Companies are administratively autonomous and leading to financial autonomy by restructuring their balance sheets by bringing their equity position to at least 20 percent. .e.  PEPCO has been fully empowered and is responsible for the management of all the affairs of corporatized nine Distribution Companies (DISCOs). required to meet the prudential regulations and to facilitate financing from commercial sector (approved by ECC).pk replacing Chairman WAPDA and Member (Power) who were previously holding the additional charges of these posts. Since October 2007. There is an independent Chairman and MD (PEPCO) www. distribution and billing.pepco.  The Loan Liability Transfer Agreements (LLTA) have been signed with Corporate Entities and execution of loan transfer is complete. WAPDA and Pakistan Electric Power Company (PEPCO). These companies are working under independent Board of Directors (Chairman and some Directors are from Private Sectors). WAPDA has been bifurcated into two distinct entities i. four Generation Companies (GENCOs) and a National Transmission Dispatch Company (NTDC).  WAPDA is now fully responsible for the development of Hydel Power and Water Sector Projects. transmission.

The Charter of Duties of WAPDA is to investigate. Prevention of Water logging and Reclamation of Waterlogged and Saline Lands. Transmission and Distribution of Power. Energy Supply Agreement.  On 24th Feb. . Business Supplementary Agreement and Fuel Supply Agreement etc.  Regulatory instruments like Grid Code. c. Operation Development Agreement. and all forthcoming IPPs will be under CPPA. Flood Management.org. Irrigation.  CPPA is established under the coverage of NTDC for payments from DISCOs to IPPs. Inland Navigation.  Legal Agreements such as Business Transfer Agreements. e. Generation. plan and execute schemes for the following fields: a. The Authority comprises of a Chairman and three (3) Members working through a Secretary.pk) in 2007. Water Supply and Drainage. it will function independently under Federal Govt. GENCOs and NTDC. Performance Standard for Distribution Companies and Transmission Companies were drafted and got approved from (www. were executed between WAPDA and Corporate Entities to facilitate commercial operations.nepra.  All major lenders gave their consent for transfer of their loan from WAPDA to Corporate Entities. Ultimately. All Entities have the physical possessions of all their operational assets. Distribution Codes. d. WAPDA and EAD (Economic Affairs Division) GOP. thus 326 loan assumption agreement were signed amongst respective Companies. 2007 Ministry of Water & Power notified NEPRAapproved Tariff for all Distribution Companies replacing unified WAPDA Tariff. b.

These fourteen (14) Corporate Entities are . • Four (4) Thermal Power Generation Companies (GENCOs) 1] Southern Generation Power Company Limited (GENCO-1) head quarter at Jamshoro district Dadu near Hyderabad Sindh. Over the years WAPDA has built-up a reservoir of Technical know-how and expertise which has made it a modern and progressive organization. Power wing of WAPDA comprising of Generation. quarter at Guddu .WAPDA is one of the largest employers of human resources in Pakistan. Power Wing Power Wing is currently headed by Member (Power). Transmission and Distribution has been restructured into fourteen (14) public limited companies. 2] Central Power Generation Company Limited (GENCO-2) head district Jacobabad Sindh.

Gujranwala Electric Power Company 3] (FESCO) .Tribal Electric Supply Company PAKISTAN ELECTRIC POWER COMPANY The Pakistan Electric Power Company (Private) Limited (PEPCO) has been entrusted the task of managing the transition of WAPDA from a bureaucratic structure to a corporate.Faisalabad Electric Supply Company 4] (IESCO) . • One (1) National Transmission & Power Dispatch Company (NTDC) • Nine (9) Distribution Companies (DISCOs) as under: 1] (LESCO) . commercially viable and productive entity.Multan Electric Power Company 6] (PESCO) .Quetta Electric Supply Company 9] (TESCO) .Peshawar Electric Power Company 7] (HESCO).Islamabad Electric Supply Company 5] (MEPCO) .Lahore Electric Supply Company 2] (GEPCO) .Hyderabad Electric Supply Company 8] (QESCO) . 4] Lakhra Power Generation Company Limited (GENCO-4) Headquarter at WAPDA House Lahore. It is a mammoth task and progress .3] Northern Power Generation Company Limited (GENCO-3) head quarters at TPS Muzaffargarh district Muzaffargarh Punjab.

it is necessary to understand the shift in the GoP policy. It's area of operation is from Sahiwal to Sadiqabad. Bahawalnager to Bahawalpur and Tounsa Sharif to Rajanpur and bordering with Sind. in line with its Strategic Plan of 1992 approved by the cabinet committee. but one should keep in mind that responsibility is enormous and transition is a long drawn process.in the initial months was rather slow. had decided to restructure the entire power sector in the country De-regulation of power sector Promotion of IPPs Restructuring of WAPDA Privatization of select corporate entities MULTAN ELECTRIC POWER COMPANY Introduction MEPCO the Multan Electric Power Company is one of the biggest Distribution Company of WAPDA. Balochistan and NWFP . The GoP. Before going into further details of the restructuring programme.

MEPCO History WAPDA The electricity supply service in Pakistan. in order to provide more autonomy and representation to provincial government. elected representatives. In order to provide for the unified and coordinated development of the water and power resources. quality and safety of electric power supply to the consumers in its Jurisdiction. agriculturalists and other interest groups in functions of the AEBs. MEPCO is putting efforts to make it a viable and progressive utility to take care of consumer's power demand. industrialists. MEPCO is envisaged for the creation of the resources and engineering plans for additions. Water and Power Development Authority (WAPDA) was created in 1958 through WAPDA Act. was established under the scheme of Area Electricity Boards in 1982. renovation and augmentation of the distribution system in order to achieve charter. MEPCO . in different areas. on the eight AEBs in Pakistan. 1958. initially. AREA ELECTRICITY BOARD MULTAN The local areas electricity distribution service was being performed by various Regions of WAPDA. Then the Area Electricity Board (AEB) Multan. both in public and private sectors.Map The Charter of MEPCO is to provide the reliability. was undertaken by different agencies.

Multan Area Electricity Board was reorganized into one such corporatized entity under the name of Multan Electric Power Company (MEPCO) with effect from 14. the Government of Pakistan approved a Strategic Plan in 1994 as a consequence of which the power wing of WAPDA has been unbundled into 12 Companies for generation. The power sector is moving from monopoly to privatization and from integration to disintegration. with the aim of commercialization and eventually privatization. in order to alleviate the poverty. improve quality of life and make the Industrial and Agriculture Sector competitive in the World Market. Mission Statement Ensure convenient availability of high quality electric power to the people at affordable price.The environment and structure of the power industry throughout the world are undergoing dramatic change.1998. To keep pace with this change. Our Commitment Improve customer satisfaction Reduce Line Losses Weed out corruption Increase revenue generation Management Philosophy Open door policy for all Tackle all problems upfront . transmission and distribution of electricity.05. retaining financial viability of the Company. Vision To ensure convenient availability of high quality power in area of responsibility.

fair play be the hallmark Transparency in all fields Accountability of everyone Objectives To play an active role to make “Sar Sabaz and Roshan Pakistan” To facilitate agriculture and industrial sector To ensure un-interrupted & stable power supply to all our customers State-of-art customer care for entire satisfaction of customers To provide electricity to every village in jurisdiction of company To establish. justice.Merit. . The employees own the company. construct and operate reliable electricity distribution network Culture MEPCO has its own strong culture.