ISLAMABAD: The first 200 megawatts (MW) electricity transaction under the newly launched Competitive Market Operations Date (CMOD) regime is expected to be completed by June this year, said Power Minister Sardar Awais Ahmed Khan Leghari on Tuesday.
Speaking at the declaring ceremony of the CMOD, the minister said the transaction will mark a significant milestone in Pakistan’s transition towards a competitive power market. The minister said the reform journey, originally envisioned decades ago and initiated in 2016-17 in its practical form, had finally entered the implementation phase after years of deliberations and institutional groundwork.
The symbolic activation of CMOD was jointly performed by Mr Leghari and Secretary Power Division Dr Muhammad Fakhre Alam Irfan.
Reflecting on the delay in implementation despite conceptual approval of competitive market reforms in the early 1990s, the minister termed it a governance lag that cost the country valuable time.
Power minister sees milestone in Pakistan’s transition to competitive market
