Notification / OM No.
No.14(11)/2018-DISCO-I
Dated:
28-August-2024
Notification Issued By:
Ministry of Energy (Power Division) Government of Pakistan
Most Immediate/Time Limit Case
No.14(11)/2018-DISCO-I
Government of Pakistan
Ministry of Energy
(Power Division)
Islamabad, August 28th, 2024
The Chief Executive Officer, all DISCOs,
Subject: COMPILATION OF PRELIMINARY INFORMATION FOR PRIVATIZATION OF DISCOS
In continuation of this Division’s letter of even number dated 9.8.2024 on the subject cited above, the following information is required by 29.08.2024:-
- Updated Latest Audited Financial Statements of DISCOs preferably period ending June 30, 2024. Also, with respect to GEPCO, FESCO & IESCO, it may be ensured that their audited accounts for September 30, 2024 are approved by November 15, 2024 to ensure that latest accounts are available to the Financial Adviser for Due Diligence.
- Financial Structure including net equity, liabilities, P&L of the DISCO for last five years.
- List of outstanding issues in compliance with any law / regulatory requirements.
- Updated details of immovable properties of the DISCO with legal position of title.
2. It is also requested that confirmation of availability of the following information in hard / soft copy may also be provided by 29.08.2024:-
- All regulatory & legal frameworks applicable to DISCOs.
- Updated details of immovable properties of the DISCO with legal position of title and possession and encumbrance over it including mutation in the revenue record.
- Updated inventorization of assets including all details for plant / machinery, vehicles and other valuable assets of the DISCO alongwith their current condition.
- Details of HR on regular, contract or daily wages alongwith relevant rules / regulations and salary packages alongwith pensioners and pensioner’s liabilities.
3. Director General (Finance) PPMC and G.M (TS), PPMC are requested to coordinate with DISCOs and ensure that the information at Sr.No.1 and the written and signed confirmation of availability of information at Sr. No.2 are furnished to this Division by the above mentioned dates without any delay.
Section Officer (DISCO-I)
