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, commercially viable and productive entity. It is a mammoth task and progress in the initial months was rather slow, but one should keep in mind that responsibility is enormous and transition is a long drawn process.

Before going into further details of the restructuring programme, it is necessary to understand the shift in the GoP policy. The GoP, in line with its Strategic Plan of 1992 approved by the cabinet committee, 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