The country’s prime intelligence agency has reportedly proposed to the government to take all relevant stakeholders on board in deciding the future of power Distribution Companies (Discos) to ensure a transparent, prosperous and sustainable transition, well-informed sources in the Finance Ministry told Republic policy.
The Intelligence Agency, which had played a vital role in the renegotiation of Agreements with Independent Power Producers (IPPs) and deal with Turkish company M/s Karkey, has offered its comments on the caretaker government’s endeavours to find a solution for the financially bleeding Discos. The annual financial loss of Discos is around Rs 600 billion due to failures and recovery.
The successive governments have been working on different proposals to find a sustainable solution for Discos. Three recommendations are under active consideration, i.e., privatisation, provincialisation and handing over management control to the private sector.
