ISLAMABAD: A working group on Friday briefed the Senate Standing Committee on Privatisation on the proposed “Pakistan Model” for the privatisation of distribution companies (Discos) in view of the past lessons learnt and latest global practices.

The Senate committee meeting, led by its chairman Senator Shamim Afridi, was attended by Minister for Privatisation Abid Hussain Bhayo, Secretary Dr Iram Khan, and senior officials and consultants. The working group comprises of officials from the ministries of privatisation and power, the National Electric Power Regulatory Authority (Nepra), the World Bank and the Central Power Purchasing Authority.

Sources in the Privatisation Commission said the proposed ‘Pakistan Model’ includes the concession model and the management control model.

The committee was also informed that the Cabinet Committee on Privatisation (CCoP) in its meeting held in June this year had directed the Power Division to write to all the provinces through the ministry of Inter Provincial Coordination for negotiation in buying the relevant Discos, and letters to that effect have been dispatched to the provinces.

Mr Bhayo said Sindh is already in the process of negotiation with Power Division for the acquisition of Sepco and Hesco, and expressed his confidence in the ability of the provinces to be successful in the power distribution business also, as Sindh province is already in power generation and transmission.

Last year, CCoP approved the concession contracts for eight of the ten Discos.

Published in Dawn, July 23rd, 2022

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Last call
Updated 15 Nov, 2024

Last call

PTI should hardly be turning its "final" protest into a "do or die" occasion.
Mini budget talk
15 Nov, 2024

Mini budget talk

NO matter how much Pakistan’s finance managers try to downplay the prospect of a ‘mini budget’ to pull off a...
Diabetes challenge
15 Nov, 2024

Diabetes challenge

AMONGST the many public health challenges confronting Pakistan, diabetes arguably does not get the attention it...
China security ties
Updated 14 Nov, 2024

China security ties

If China's security concerns aren't addressed satisfactorily, it may affect bilateral ties. CT cooperation should be pursued instead of having foreign forces here.
Steep price
14 Nov, 2024

Steep price

THE Hindu Kush-Himalayan region is in big trouble. A new study unveiled at the ongoing COP29 reveals that if high...
A high-cost plan
14 Nov, 2024

A high-cost plan

THE government has approved an expensive plan for FBR in the hope of tackling its deep-seated inefficiencies. The...