In a strategic move to combat electricity theft and enhance the efficiency of electricity companies, Pakistan has submitted a comprehensive plan to the International Monetary Fund (IMF), reported the 24NewsHD TV channel.
According to the report, the plan covers various measures aimed at curbing power theft and improving the overall performance of electricity distribution companies.
A notable component of the plan involves the establishment of a dedicated police force assigned to all distribution companies (discos) with the primary objective of preventing electricity theft.
To support this initiative, a law will be made to empower the police force to enforce strict measures against those involved in power theft.
In a bid to ensure transparency and accountability, an independent system for monitoring the Discos will be introduced.
Foreign experts will be invited to conduct thorough monitoring of the 2500 most compromised feeders.
The plan also declared electricity theft as a punishable offense, aiming to deter potential offenders.
As part of the legislative assurance to the IMF, the plan outlines the institutionalization and other measures to prevent electricity theft.
Additionally, Pakistan has assured the IMF of its commitment to enhancing the efficiency, competence, and governance of power companies.
It has also assured to IMF to get rid of distributing companies shortly.
Furthermore, the plan signaled a move towards private sector involvement and potential privatization in electricity distribution companies.
Pakistan also assures that energy sector reforms will reduce distribution costs.
A transaction advisor is expected to be appointed by the end of April this year.
The overarching goal of these energy sector reforms is to reduce distribution costs, improve overall governance, and strengthen the competence of power companies.
Reporter: Waqas Azeem