DISCOs’ management: PC board makes proposals on private sector participation

ISLAMABAD: The Privatisation Commission (PC) Board that met Wednesday considered a number of proposals for private sector’s participation in the management of DISCOs.

Federal Minister for Privatisation Mohammedmian Soomro chaired the board meeting.

The Privatisation Board members, federal secretary privatisation, and senior officers of the ministry attended the meeting.

Advisor to the Prime Minister on Power Tabish Gohar also attended the meeting on special invitation.

The Board was briefed about the private sector’s participation in management of DISCOs in the light of the decisions and directions of the Cabinet Committee on Privatisation (CCoP) held on March 18, 2021.

After detailed deliberations and discussion, the Privatisation Commission Board recommended various proposals for private sector’s participation in the management of DISCOs.

The proposals were prepared and presented by the Working Group of the DISCOs. The proposed recommended plan will be placed before the up-coming meeting of the CCoP for consideration and further necessary actions. The Board was also briefed about the latest progress made in the transactions of various entities. The privatisation minister said that the purpose of the private sector’s participation in the DISCOs is to resolve power supply issues and make the services of power distribution companies competitive and better. He also thanked all the board members and other participants for their active and efficient role towards resolving the issues of the matter.

Copyright Business Recorder, 2021