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.
Since October 2007, WAPDA has been
bifurcated into two distinct entities i.e. WAPDA and
Pakistan Electric Power Company (PEPCO). WAPDA is
responsible for water and hydropower development whereas
PEPCO is vested with the responsibility of thermal power
generation, transmission, distribution and billing.
There is an independent Chairman and MD (PEPCO)
www.pepco.gov.pk replacing Chairman WAPDA and Member
(Power) who were previously holding the additional
charges of these posts.
WAPDA is now fully responsible for the development of Hydel Power and
Water Sector Projects.
PEPCO has been fully empowered and is responsible for
the management of all the affairs of corporatized nine
Distribution Companies (DISCOs), four Generation
Companies (GENCOs) and a National Transmission Dispatch
Company (NTDC). These companies are working under
independent Board of Directors (Chairman and some
Directors are from Private Sectors).
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, required to meet the prudential
regulations and to facilitate financing from commercial
sector (approved by ECC).
The Loan Liability Transfer Agreements (LLTA) have been
signed with Corporate Entities and execution of loan
transfer is complete.
All Entities have the physical possessions of all their
24th Feb. 2007 Ministry of Water & Power notified
NEPRAapproved Tariff for all Distribution Companies
replacing unified WAPDA Tariff.
Legal Agreements such as Business Transfer Agreements,
Operation Development Agreement, Energy Supply
Agreement, Business Supplementary Agreement and Fuel
Supply Agreement etc. were executed between WAPDA and
Corporate Entities to facilitate commercial operations.
Regulatory instruments like Grid Code, Distribution
Codes, Performance Standard for Distribution Companies
and Transmission Companies were drafted and got
approved from (www.nepra.org.pk)
All major lenders gave their consent for transfer of
their loan from WAPDA to Corporate Entities, thus 326
loan assumption agreement were signed amongst respective
Companies, WAPDA and EAD (Economic Affairs Division)
CPPA is established under the coverage of NTDC for
payments from DISCOs to IPPs, GENCOs and NTDC.
Ultimately, it will function independently under Federal
Govt. and all forthcoming IPPs will be under CPPA.
The Charter of Duties of WAPDA is to investigate, plan and execute schemes for the following fields:
- Generation, Transmission and Distribution of Power.
- Irrigation, Water Supply and Drainage.
- Prevention of Water logging and Reclamation of Waterlogged and Saline Lands.
- Flood Management.
- Inland Navigation.
The Authority comprises of a Chairman and three (3) Members working through a Secretary.
WAPDA is one of the largest employers of human resources in Pakistan. Over the years WAPDA has built-up a reservoir of Technical know-how and expertise which has made it a modern and progressive organization.