The Asian Development Bank (ADB) will provide technical assistance to Pakistan for establishing an autonomous Central Power Purchasing Agency (CPPA) to improve financial management of the sector.
Presently a dedicated unit within National Transmission and Dispatch Company (NTDC) handles all electricity market settlement and payment functions.
To achieve transparency, market focus and private sector investments, it is critical to decouple such purchasing and settlement functions from the domain of transmission and dispatch services, ADB observes in its report.
The technical assistance project ($1.5 million) of the ADB supports the government’s priorities of reforming the energy sector and state-owned enterprises, as well as restoring sustainability in the power sector.
