IESCO) 13.1 Introduction 175 13.2 Comments on Financial Statements 175 13.3 Brief Comments on the Status of Compliance 180 with PAC Directives 13.4 Audit Paras 180

AUDIT REPORT ON THE ACCOUNTS OF WATER AND POWER DEVELOPMENT AUTHORITY AUDIT YEAR 2013-14 AUDITOR-GENERAL OF PAKISTAN TABLE OF CONTENTS Page No. ABBREVIATIONS & ACRONYMS i PREFACE v EXECUTIVE SUMMARY vii SUMMARY TABLES & CHARTS I Audit Work Statistics xi II Audit observations regarding financial xi management III Outcome Statistics xi IV Irregularities pointed out xii V Cost Benefit xii MINISTRY OF WATER AND POWER (A) WATER AND POWER DEVELOPMENT AUTHORITY (WAPDA) CHAPTER 1 WATER WING 1.1 Introduction 1 1.2 Brief comments on the status of compliance with 2 PAC directives 1.3 Audit Paras 3 CHAPTER 2 WAPDA HYDRO ELECTRIC POWER 2.1 Introduction 23 2.2 Brief comments on the status of compliance with 23 PAC directives 2.3 Audit Paras 23 (B) PAKISTAN ELECTRIC POWER COMPANY (PEPCO) CHAPTER 3 PAKISTAN ELECTRIC POWER COMPANY (PEPCO) 3.1 Introduction 37 3.2 Comments on Financial Statements 37 3.3 Brief comments on the status of compliance 40 with PAC directives 3.4 Audit Paras 40 CHAPTER 4 COMMON ISSUES REGARDING GENCOs, NTDC & DISCOs 4.1 Audit Paras 45 CHAPTER 5 JAMSHORO POWER GENERATION COMPANY (GENCO-I) 5.1 Introduction 57 5.2 Audit Paras 57 CHAPTER 6 CENTRAL POWER GENERATION COMPANY (GENCO-II) 6.1 Introduction 63 6.2 Brief comments on the status of compliance 63 with PAC directives 6.3 Audit Paras 63 CHAPTER 7 NORTHERN POWER GENERATION COMPANY (GENCO-III) 7.1 Introduction 73 7.2 Brief comments on the status of compliance 73 with PAC directives 7.3 Audit Paras 73 CHAPTER 8 LAKHRA POWER GENERATION COMPANY (GENCO-IV) 8.1 Introduction 85 8.2 Brief comments on the status of compliance 85 with PAC directives 8.3 Audit Paras 85 CHAPTER 9 NATIONAL TRANSMISSION AND DESPATCH COMPANY (NTDC) 9.1 Introduction 91 9.2 Comments on Financial Statements 92 9.3 Brief comments on the status of compliance 98 with PAC directives 9.4 Audit Paras 98 CHAPTER 10 FAISALABAD ELECTRIC SUPPLY COMPANY (FESCO) 10.1 Introduction 113 10.2 Comments on Financial Statements 113 10.3 Brief comments on the status of compliance 119 with PAC directives 10.4 Audit Paras 119 CHAPTER 11 GUJRANWALA ELECTRIC POWER COMPANY (GEPCO) 11.1 Introduction 139 11.2 Comments on Financial Statements 139 11.3 Brief comments on the status of compliance 144 with PAC directives 11.4 Audit Paras 144 CHAPTER 12 HYDERABAD ELECTRIC SUPPLY COMPANY (HESCO) 12.1 Introduction 157 12.2 Comments on Financial Statements 157 12.3 Brief comments on the status of compliance 163 with PAC directives 12.4 Audit Paras 163 CHAPTER 13 ISLAMABAD ELECTRIC SUPPLY COMPANY (IESCO) 13.1 Introduction 175 13.2 Comments on Financial Statements 175 13.3 Brief comments on the status of compliance 180 with PAC directives 13.4 Audit Paras 180 CHAPTER 14 LAHORE ELECTRIC SUPPLY COMPANY (LESCO) 14.1 Introduction 201 14.2 Comments on Financial Statements 201 14.3 Brief comments on the status of compliance 207 with PAC directives 14.4 Audit Paras 207 CHAPTER 15 MULTAN ELECTRIC POWER COMPANY (MEPCO) 15.1 Introduction 221 15.2 Brief comments on the status of compliance 221 with PAC directives 15.3 Audit Paras 221 CHAPTER 16 PESHAWAR ELECTRIC SUPPLY COMPANY (PESCO) 16.1 Introduction 247 16.2 Brief comments on the status of compliance 247 with PAC directives 16.3 Audit Paras 247 CHAPTER 17 QUETTA ELECTRIC SUPPLY COMPANY (QESCO) 17.1 Introduction 271 17.2 Brief comments on the status of compliance 271 with PAC directives 17.3 Audit Paras 271 CHAPTER 18 SUKKUR ELECTRIC POWER COMPANY (SEPCO) 18.1 Introduction 279 18.2 Brief comments on the status of compliance 279 with PAC directives 18.3 Audit Paras 279 CHAPTER 19 TRIBAL AREAS ELECTRIC SUPPLY COMPANY (TESCO) 19.1 Introduction 293 19.2 Audit Paras 293 CHAPTER 20 PRIVATE POWER AND INFRASTURE BOARD (PPIB) 20.1 Introduction 297 20.2 Audit Paras 298 ANNEXURE Annexure-I 305 Audit paras, not considered significant enough to report to the parliament, included in MFDAC ABBREVIATIONS AND ACRONYMS ACSR Aluminum Conductor Steel Re-inforced ADB Asian Development Bank ADP Annual Development Programme AEL Annual Energy Losses AJ&K Azad Jammu and Kashmir ALMs Assistant Line Mans ASCOM Astronomy Common Object Model ASPT Army School of Physical Training BOD Board of Directors BOQ Bill of Quantity BPCs Bulk Power Consumers BPS Basic Pay Scale BTU British Thermal Unit CAA Civil Aviation Authority CAATs Computed Assisted Auditing Techniques CCC Central Contract Cell CCPP Combined Cycle Power Plant CDA Capital Development Authority CEO Chief Executive Officer CFL Compact Florescent Lamps CIF Cost, Insurance and Freight COBOL Common Business Oriented Language COD Commercial Operation Date CP Commercial Procedure CPGCL Central Power Generation Company Limited CPMC Central Park Medical College CPPA Central Power Purchasing Agency CPs Commercial Procedures CRBC Chashma Right Bank Canal CRPEA Contract Registrar and Power Exchange Administrator CRRK Chief Resident Representative Karachi CSD Customer Services Department CVT Capacitors Voltage Transformer DAC Departmental Accounts Committee DG Director General DHA Defence Housing Authority DISCOs Distribution Companies DoP Development of Power DP Draft Para ECC Economic Coordination Committee ECNEC Executive Committee of the National Economic Council EHV Extra High Voltage ELR Energy Loss Reduction EOT Extension of Time EPC Engineering Procurement and Construction ERO Equipment Removal Order ERP Enterprise Resource Planning FATA Federally Administered Tribal Area FBR Federal Board of Revenue i FCC Foreign Currency Component FCS Free Consignee Store FD Finance Director FESCO Faisalabad Electric Supply Company FIA Federal Investigation Agency FIDIC Federation International Des Ingenieurs-Conseils FIR First Information Report FoB Freight on Board FWO Frontier Works Organization GENCOs Generation Companies GEPCO Gujranwala Electric Power Company GHCL GENCO Holding Company Limited GM General Manager GoP Government of Pakistan GPF General Provident Fund GPS Global Positioning System GSC Grid System Construction GSL Galvanized Steel GSO Grid System Operation GST General Sales Tax GTPS Gas Thermal Power Station GWH Gegawatt Hours GZD Gomal Zam Dam HBL Habib Bank Limited HEC Higher Education Commission HESCO Hyderabad Electric Supply Company HFO High Speed Furnace Oil HMC Heavy Mechanical Complex HP Horse Power HPP Hydro Power Project HSD High Speed Diesel HT High Tension IAS International Accounting Standards IBRD International Bank for Reconstruction and Development IESCO Islamabad Electric Supply Company IPC Interim Payment Certificate IPPs Independent Power Producers ITO Income Tax Ordinance JPGCL Jamshoro Power Generation Company Limited JV Journal Voucher KAPCO Kot Addu Power Company KESC Karachi Electric Supply Company KIBOR Karachi Inter Bank Offer Rates KPK Khyber Pukhtun Khwa KPT Karachi Port Trust KV Kilo Volt KW Kilo Watt KWh Kilo Watt Hours LAC Land Acquisition Collector LC Letter of Credit LD Liquidated Damages LESCO Lahore Electric Supply Company LOIs Letter of Indents ii LOS Letter Of Support LPGCL Lakhra Power Generation Company Limited LT Low Tension M&S Monitoring and Surveillance M&T Metering and Testing MCB Muslim Commercial Bank MD Managing Director MDI Maximum Demand Indicator MDR Mangla Dam Raising MEPCO Multan Electric Power Company MFDAC Memorandum for Departmental Accounts Committee MIS Management Information System MKWH Million Kilo Watt Hour MMM Manager Material Management MNA Member of National Assembly MoU Memorandum of Understanding MPG Mileage Per Gallon MPS Management Position Scales MRN Material Return Note MT Metric Ton MVA Mega Volt Ampere MW Mega Watt NAB National Accountability Bureau NDP National Drainage Programme NEO Net Electric Output NEPRA National Electric Power Regulatory Authority NGPS Natural Gas Power Station NGPS Natural Gas Power Station NJHPC Neelum Jehlum Hydro Power Company NJS Neelum Jhelum Surcharge NPCC National Power Control Centre NPGCL Northern Power Generation Company Limited NTDC National Transmission and Despatch Company O&M Operation and Maintenance P&D Purchase & Disposal/ Planning & Development P&E Planning & Evaluation PAC Public Accounts Committee PACRA Pakistan Credit Rating Agency PC Poles Pre-stressed Concrete Poles PCC Particular Condition of Contract PC-I Planning Commission Proforma-I PD Project Director PDP Proposed Draft Para PEPCO Pakistan Electric Power Company PESCO Peshawar Electric Supply Company PHPL Power Holding Private Limited PITC Power Information Technology Company PMU Project Management Unit POL Petrol, Oil and Lubricants PPA Power Purchase Agreement PPIB Pakistan Power Infrastructure Board PPRA Public Procurement Regulatory Authority PPRs Public Procurement Rules iii PSC Power Sector Companies PSDP Public Sector Development Programme PSO Pakistan State Oil PTDC Pakistan Tourism Development Corporation PWP Peoples Works Programme QESCO Quetta Electric Supply Company RBOD Right Bank Outfall Drainage RC Rainee Canal RCOs Reconnection Orders RCPS Refund Claim Preparation Software RFO Residual Furnace Oil RPP Rental Power Project RPW Residual Power Wing S&I Surveillance & Intelligence SAP System Augmentation Project SCARP Salinity Control and Reclamation Project SECP Security and Exchange Commission of Pakistan SEPCO Sukkur Electric Power Company SEPCOL Southern Electric Power Company Limited SO System Operator SOPs Standard Operating Procedures SPP Small Power Producer SRO Statutory Regulatory Order SS & TL Secondary System & Transmission Lines STG Secondary Transmission Lines and Grids SVR Stock Survey Report T&T Transformation and Transmission TBM Tunnel Boring Machine TDS Tariff

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