Founded 1998 | ||
Water and Power Development Authority (WAPDA) was created in 1958 through WAPDA Act, 1958. Prior to this, the electricity supply service in Pakistan was undertaken by different agencies, both in public and private sectors, in different areas.The local areas electricity distribution service was being performed by various Regions of WAPDA. Then the Area Electricity Board (AEB) Peshawar, on the eight AEBs in Pakistan, was established under the scheme of Area Electricity Boards in 1982, in order to provide more autonomy and representation to provincial government, elected representatives, industrialists, agriculturalists, and other interest groups in functions of the AEBs. Peshawar Area Electricity Board was reorganized into one such corporatized entity under the name of Peshawar Electric Supply Company (PESCO) with effect from 22-03-1998, with the aim of commercialization and eventually privatization.