Type Constraints Effective Response Activities Responsibility and Target Date Public Ownership GENCOs lack corporate autonomy GoP governs GENCOs through a policy framework that covers; • Corporate autonomy and accountability • Appointment/mandate of BoD, BoD Audit Committee and Internal Audit function • Corporatization and BTA implementation • Guidance to NEPRA for tariff revisions • Fast track processes for procurement and capital expenditure • Compliance and Reporting of NEPRA standards by GENCOs Grant of corporate autonomy through notification MoWP, ECC June 2011 GoP manages GENCOs financial, HRM and maintenance/procurement affairs through PEPCO and WAPDA Allied Power Wing Transfer of functions from PEPCO to GENCOs- Proposed GoP policy document to address: • delegation and accountability issues • Financial and HR management • Procurement and capital expenditure • Support from MPNR, PPRA, PC MoWP June 2011 Corporatization of GENCOs and BTA implementation Completion of pending corporatization and BTA agenda items PEPCO June 2011 Compliance to PPRA regulations is mandatory for public sector procurement Detailed recommendations for customized procurement procedures to be developed and enacted within PPRA framework JPCL, PPRA May 2011
Posted on: Mon, 11 Nov 2013 15:54:17 +0000