Pakistan Electric Power Company, colloquially known as PEPCO, is a holding company that monitor's and coordinates Pakistan's Distribution Companies (DISCOs) and used to operate as a division of the Ministry of Water and Power (Pakistan).[1][2]
History
PEPCO was incorporated in 1998 in pursuance of the “Strategic Plan for Restructuring of Pakistan Power Sector” to facilitate the transition process in WAPDA power wing and effective corporatization of new entities after unbundling of WAPDA. In pursuance of this mandate, PEPCO signed a memorandum of agreement (MoA) with WAPDA for a period of 2 years. In its defined role, PEPCO is responsible for assisting the Ministry of Energy (Power Division), Government of Pakistan in effectively monitoring and oversight of the Distribution Companies (DISCOs)
In 2000, WAPDA transferred power distribution companies to Pakistan Electric Power Company (PEPCO) under a reorganization plan of power sector in Pakistan.[3]