Peshawar Electric Supply Company Limited (PESCO)

Company Information

Peshawar Electric Supply Company Limited (PESCO) is one of the nine electricity distribution companies (DISCOs) established as a result of the unbundling of the vertically integrated power wing of Pakistan Water and Power Development Authority (WAPDA). The company was established and incorporated in April 1998 as a public limited company under Pakistan Companies Ordinance 1984. It was originally organized to take over the properties, assets, obligations and liabilities of former Peshawar Area Electricity Board (AEB) of WAPDA serving North West Frontier Province (NWFP) of Pakistan including the tribal areas. Subsequently, a new company Tribal Electric Supply Company Limited (TESCO) was spun out of PESCO in June 2002 for supply to tribal areas of PESCO. Presently service area of PESCO includes NWFP excluding tribal areas.

PESCO distributes and supplies electricity to about 2.0 million customers of various categories within its service area. National Electric Power Regulatory Authority (NEPRA) has granted Distribution License to PESCO for distribution and supply of electricity pursuant to the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997 (NEPRA Act). The various categories of PESCO include domestic, commercial, industrial and agricultural served by an extensive distribution system network of 132 kv, 66 kv, 33 kv, 11 kv, 11 kv and low voltage.

TRANSACTION STRUCTURE

As part of its programme of privatisation and liberalization of the power sector in Pakistan, the Government of Pakistan (GoP) intends to offer interest in PESCO under Public Private Partnership (PPP) mode of privatisation including the management control to a investor or a consortium of strategic and financial investors.

ORGANIZATIONAL STRUCTURE OF PESCO

PESCO field formations consist of following eight distribution Operation Circles, one Construction Directorate and one GSO Circle, as detailed below:
Operation Circles
    1. Peshawar Circle 6 Divisions/28 Sub Divisions
    2. Khyber Circle 5 Divisions/24 Sub Divisions
    3. Mardan Circle 4 Divisions/23 Sub Divisions
    4. Hazara Circle 6 Divisions/23 Sub Divisions
    5. Swat Circle 4 Divisions/16 Sub Divisions
    6. Bannu Circle 5 Divisions/23 Sub Divisions
    Project Construction Circle 4 Divisions/11 Sub Divisions
    G.S.O. Circle 5 Divisions/28 Sub Divisions
 

Privatisation of HESCO

The Privatisation Commission (PC) on behalf of Government of Pakistan (GOP) intends to privatise PESCO through Public Private Partnership (PPP) mode to financially sound local and foreign investors having management capabilities and technical expertise to run the power distribution utility. Expression of Interests (EoIs) from local and foreign parties interested in the transaction is expected to be invited soon through advertisement in the national and international newspapers. For further information you may contact on the below mentioned address:
 

Key Contacts

q       Director General (MNR&P)
Privatisation Commission
5-A Constitution Avenue
EAC Building
Islamabad – Pakistan
Telephone: (92-51) 922 2243 Facsimile : (92-51) 920 3076,
                 (92-51) 921 1692
Email: info@privatisation.gov.pk

q       Mr. Shahid Raza
Transaction Manager
Privatisation Commission
5-A Constitution Avenue
EAC Building
Islamabad – Pakistan
Telephone: (92-51) 921 7973
Facsimile : (92-51) 920 3076
                 (92-51) 921 1692
Email:shahidraza@privatisation.gov.pk