fueling the future - Woodrow Wilson International Center for Scholars

Meeting Pakistan’s Energy Needsinitiated to evaluate the technical and economic aspects of powerimport.• Hydroelectric Generation: Proposals have been invited from the privatesector for 7 projects with a total capacity of 1,620 MW.• Power Generation from Thar Coal: Private sector is currently involvedin preparation of feasibility studies for mining and power generation.• Power Generation from Imported Coal: Work has been initiated forinvolving private sector in setting up power generation units in thecoastal areas.• Power Generation from Renewable Sources: A renewable energypolicy framework has been drafted and an incentive package has beendefined for fast-track capacity additions.In addition to the above, the government plans to divest 51 percentof its shareholding in the following concerns to give majority ownershipand management control to the private sector:• Power Generation and Distribution: Jamshoro Power Company,Faisalabad Electric Supply Company, and Peshawar Electric SupplyCompany.• Oil Marketing: Pakistan State Oil Co. Ltd., the largest oil marketingcompany in the country with approximately 70 percent share of themarket.• Gas Transmission and Distribution: SNGPL and SSGCL, state ownedutilities that currently account for over 86 percent of the gas transmissionand distribution business in the country.• Petroleum E&P: Pakistan Petroleum Ltd. and Oil & Gas DevelopmentCo. Ltd., state owned companies that account for 45 percent of gasand 53 percent of oil production respectively in the country. In thecase of Oil & Gas Development Co. Ltd, divestment of 10-15 percentequity through simultaneous GDR offering and domestic secondaryoffering will precede the divestment of 51 percent shares.| 33 |