The electricity sector is one of the most dynamic
sectors of our Country. It plays a key role in the development and growth of
the economy by ensuring an adequate, secure and affordable supply of electricity
for end consumers. As a result of impressive generation additions, Pakistan has
now achieved supply adequacy. However, now we need to strive hard to cope with
the other challenges ranging from eliminating
transmission and system constraints to improving sector’s governance for making
the sector financially self-sustainable.
Market Operator in any electricity
market plays an important role in improving the transparency in market
operations, gradually introducing competition in trade and improving the
capacity of stakeholders for active participation in the market. FY2018 was
another successful year for CPPA in terms of operational performance and its
journey towards a competitive power market. CPPA is relatively a young
organization which saw its inception in mid of 2015. Although a juvenile
entity, it is gradually stepping its way forward through institutionalizing the
best practices of corporate governance and penetrating its core values from top
to the grassroots level of the organization.
CPPA has improved transparency of the
commercial processes and brought efficiency in the business operations through
IT interventions, automation of core business processes, organizational
restructuring, consultative sessions on proposed market design and improved
corporate governance with full support from an engaged Board which is dedicated
to facilitate the Company in achieving its vision of becoming world class
I am also pleased to state that based
on the given mandate, CPPA is doing a great job in
centrally facilitating the designing and development of the Competitive Market
for Pakistan, hand in hand with other power sector entities. Introducing
competition in Pakistan's Power Market would attract investments in generation,
gradually free from sovereign guarantees, and would improve energy security,
reliability and affordability for the consumers of Pakistan.
I am proud of what CPPA has achieved
in the year FY2018 and confident that the Company will continue to deliver transparent
market operations and facilitate market transition.
As Chairman of the Board, I would
continue to support CPPA towards its transformation that would bring a brighter
tomorrow for our nation by reforming the wholesale electricity market
operations. I welcome all stakeholders to be a part of this future.
Mr. Irfan Ali, Federal Secretary, Ministry of Energy (Power Division) / Chairman CPPA Board