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MC110403781
INTERNSHIP REPORT
SUBMITTED TO
SUBMITTED BY
STUDENT ID MC110403781
SESSION 2011-2015
VIRTUAL UNIVERSITY OF PAKISTAN
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DEDICATION
Every challenging work performed by a person
needs self efforts and the guide line of the elders.
I thank GOD who gave me the strength to achieve
my destination.
I dedicate my whole work to my mother and
brothers who encouraged and supported me to
complete my education in that time where nothing
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ACKNOWLEDGEMENT
No pain no gain. If you want to achieve something desired,
It is only possible if you work hard and have a strong determination. Without help of GOD, I am
nothing and I want thankful to ALLAH almighty who gave the brain and healthy body to achieve
my destination. Due to this I am able to complete my internship program.
You cannot achieve your goals in solo flight mode. Team work and cooperation of the staff
members is required. They guide you towards your goals.
During my period of internship in TPS Muzaffargarh, I learnt a lot from the officers and other
staff members. They provided me each and every information they know. Writing the names of
each one is difficult. So I would like to appreciate collectively all those people in enhancing my
knowledge about the given organization and my relatives who provided me a golden chance to
do the internship in TPS Muzaffargarh.
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Thanks to all
EXECUTIVE SUMMARY
After doing B.com, I decided to take admission in MBA 3.5y in Virtual University of Pakistan, a
top ranking institution providing the quality education through internet and modern means of
communication. I completed my study work and after that it was mandatory to complete the
intern ship in any reputed organization of Pakistan for the period of six to eight weeks.
So i started my endeavor and decided to do internship in thermal power station in Muzaffargarh.
It was established to meet the increasing need of nation for energy in 1998. NPGCL generates
electricity under a License granted by National Electric Power Regulatory Authority (NEPRA)
pursuant to the Regulation of Generation, Transmission and Distribution of Electric Power Act,
1997 (NEPRA Act). Its actual capacity is 1370 MW and known as GENCO iii. Company uses
furnace oil and gas to generate power. Npgcl comprises of eight generating blocks, situated
At Muzaffargarh, Faisalabad, Multan and Lahore. All the generating companies are operated
according to WAPDA rules established by the WAPDA authorities.
I tried to understand the basics of the organization by visiting human resource and admin
department as well as finance department. I describe working and functions of those departments
in this report. In this report I did SWOT analyses. I also provided the conclusion at the end of
report.
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TABLE OF CONTENTS
Contents
(1)INTRODUCTION OF WAPDA
Numbers
10-11
(2)INTRODUCTION OF PEPCO
12-14
(3)INTRODUCTION OF NEPRA
15
(4)THERMAL GENERATION
16
17
18
(6.1)Background
18
(6.2)Introduction/Product line
18-21
22
(6.4)Objectives
23
(6.5)Competitors
24
(6.6)Hierarchy
25-28
(6.7)Comment on structure
29-30
31
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32-33
(8)TRAINING PROGRAM
34-35
36-42
(10)CRITICAL ANALYSIS
43-44
(11)SWOT ANALYSIS
45
(11.1)Strength
45
(11.2)Weaknesses
46
(11.3)Opportunities
47
(11.4)Threats
48
(12)CONCLUSION
49
(13)RECOMMENDATIONS
50
51-52
53-60
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Now the main focus of the authorities is to locate those areas where new reservoirs can be built
and new barren lands will become fertile lands. This will strengthen our agriculture sector. It has
to keep an eye on Indus water treaty and to settle the water disputes between INDIA and
PAKISTAN.
It is run through an act which is known as WATER AND POWER DEVELOPMENT
AUTHORITY
ACT, 1958 Pakistan Act No. XXXI of 1958.
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The Pakistan Electric Power Company (PEPCO) has been assigned the task of managing the
shift of WAPDA from a bureaucratic structure to a corporate, commercially viable and
productive structure.
It has the following responsibilities which include:
Restructuring of WAPDA
This company is also responsible for for restructuring WAPDA Power Functions into twelve
companies, creating business association among them, help them become independent in their
working but with strict check and balance, improving their working conditions and keep in view
that generation companies do not waste the resources of the nation and reporting to Secretary,
Ministry of Water and Power . There was manual system of recording all the transactions but
now the companies are moving towards the online data entry of all the records.
Government of Pakistan has observed many differences in power sector of Pakistan. Because it
was giving too much loss to the government of Pakistan, which is literally the loss of the tax
payer of Pakistan. So to regulate all the issues government formed an independent body to
eliminate the corruption and corrupt practices. It was observed by the government that WAPDA
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is not meeting its responsibilities sufficiently because of burden of work. So to reduce the burden
of work from hydro electricity and thermal electricity.
PEPCO has prepared the conceptual structure and is following a comprehensive strategy
whereby WAPDA's vertical-monolithic Power Wing has been restructured into twelve (12)
different independent entities under Companies Ordinance 1984.
These are: 4 generation(GENCOs), one transmission(NTDC) and eight distribution companies.
Pakistan Electric Power Company (PEPCO) showed new face of Pakistan's power sector with
the crisis management objectives to improve the efficiency of the power sector and to meet
customers supplies on a sustainable and environment friendly basis. The basic objectives of
PEPCO are: bringing the transparency in the overall industry, reduce load shedding, constructing
new grid stations to minimize the load on national grid, reducing line losses; minimizing tripping
and theft control, improvement of generation units and to improve customer services and
development of an integrated automated power planning system for generation, transmission and
distribution to ensure that the national grid system will not bear extra burden, fault isolation and
upgrade relying.
Its core objective are as follows:
a) To boost the value of assets of electricity generation organizations in Pakistan.
b) Remove the barriers in
National demand of electricity has increased and would continue to grow with the development
of population in Pakistan which is 20 caror. Based on the present generation capacity, the hydelthermal mix in the country is not ideal for the development of the industry and other sectors. The
electricity demand since 2002 had been grown at an average rate of about 8 %, due to more use
of air conditioners in the summer season. The load forecast prepared by authorities in
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collaboration with PEPCO, Planning and Development Division, Government of Pakistan shown
that the power demand would grow at an average rate of 5% per year. To meet this projected
load, no additional generating capacity is added. But now government is trying its best to reduce
the short fall of supply and demand.
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National Electric Power Regulatory Authority (NEPRA) was created to regulate the Power
Sector in order to encourage competitive power market to ensure dependable power supply at
affordable price to electricity consumers in Pakistan. Major tasks of NEPRA include:
1) Issuance of licenses to those who want to invest in power sector for creating new
plants.
2) Setting the prices of electricity and at what rate to sell.
3) To bring in the international standards in power sector.
Basic theme of the bringing the NEPRA by the GoP was to bring in the clearness in the
power sector so that there would be no corrupt practices on electricity prices.
Pakistan is trying to bring the new technology and means of generation during the 21st century.
The World is moving towards various source to generate the electricity.
Electricity is generated, marketed and sold in Pakistan. Pakistan has to straight away start
working towards creating an environment that will not only enable but also attract international
investors and it is only possible if we are sincere with the money of tax payer by the government
and its regulatory departments. If we do not enhance our production our economy will suffer.
The NEPRA reflects the wish of the Government to establish an independent controller body to
improve the efficiency and availability of electric power services by protecting the interest of the
stakeholder, the operator and the consumers and to do so with a view to promoting competition
and to deregulate power sector activities where there is competition.
(4)THERMAL GENERATION
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Pepcos Thermal Power Generation is mainly dependent upon generation of power from its
Steam Generators, Gas Turbines (simple as well as Combined Cycle Units) installed at various
Power Stations situated in Sindh, Punjab and Balochistan provinces. native Gas & Coal is the
main fuel whereas Furnace oil and HSD ( high speed diesel) are also used as alternative fuel.
As per Government of Pakistan policy all thermal power generation has been reformed and four
corporate companies namely Jamshoro Power Generation Company Limited (GENCO-i) head
quarter at Jamshoro district Dadu, Sindh, Central Power Generation Company Limited
(GENCO-ii) head office at Guddu district Jacobabad Sindh and Northern Power Generation
Company Limited (GENCO-iii) headoffices at Muzaffargarh and Lakhra Power Generation
Company Limited (GENCO-iv) Sindh have been formed and registered. Functioning of
GENCOs has started.
Each of the above is producing below the installed capacity due to wear and tear of plants and
corruption also. Thermal generation uses gas and furnace oil as input to generate the electricity.
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Our mission is to bring the assurance of energy to our customer, with world class
quality and commitment for satisfaction as we in our hunt for excellence.
VISION STATEMENT
To fully enable the reform and reorganization of the Pakistan Power Sector and to
change the fourteen (14) Corporate entities (CE's) into independent and commercially
viable enterprises, thru induction of effective corporate management, best business and
utility practices, and well-engineered systems, and bridge the ever growing supplydemand gap, so as to meet customers electric energy requirement on a sustainable and
environmentally friendly basis, thru best utilization of resources, in an efficient, ethical
and customer friendly manner, with responsibility to the community and the Nation
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NPGCL means :
Northern Power Generation Company Limited
Its name simply represent that, its the authority which deals with the generation of electricity.
(6.1) BACKGROUND
Northern Power Generation Company Limited owns and operates thermal power generation
facilities located at Muzaffargarh, Multan and Faisalabad. Installed capacity of the generating
plants is 1350 MW, which has declined over the years to dependable capacity of 1,169 MW.
Complex pattern of internal and external factors limit operating and financial performance of the
company. The company has been operating with a negative bottom line, which has restrict
sustainability.
Government of Pakistan goals to address the countrys power sector issues by introducing Power
Sector Reform Program. As part of the program the public sector thermal power generation
companies (GENCOs), including NPGCL were required to develop and implement Business
Plans to effectively respond to constraints and barriers to satisfactory performance.
Thermal generation is second major source to produce the electricity in Pakistan. It is evident
that electricity produced by water power is not sufficient to meet the demands of the nation. So
government tried towards the thermal generation. Although it is too much costly but filling the
demand gap.
Russia and China helped Pakistan to build the thermal power station at Muzaffargarh.
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NPGCL established as public ltd. Company in 1998 and its head office at TPS
MUZAFFARGARH Mehmood Kot road in the province of punjab. Npgcl comprises of eight
generating blocks, situated at MUZAFFARGARH, FAISALABAD, MULTAN & LAHORE.
Northern Power Generation Company Limited, (NPGCL) is a subsidiary of WAPDA. It was
incorporated in October 15, 1998 under Companies Ordinance 1984 and started its business from
1st March, 1999. The Company took over properties, rights, assets, obligations and liabilities of
thermal power generation at Muzaffargarh, Faisalabad, Multan, Shahdara owned by WAPDA
through Business Transfer Agreement. It is providing the employment opportunities in
government sector of Pakistan.
These above are considered to be the product line of Northern Power Generation Company
Limited.
TPS MUZAFFARGARH
a. Location
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Dual fuel combustion provision (Gas & HSD Oil) has been made for all the machines.
These details were just to give the overview of the licensed power plants. This will give you the
additional information about the NPGCL.
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Finance department
Technical department
MMS department
Fire brigade
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It is a company working independently but under the ownership of the government of Pakistan.
So if we look literally we can say that here is no competitor of this company. But if we look in
detail it has to compete with other generation companies.
Detail of competitors is as under:
a)
b)
c)
d)
SR.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
GENCO-i
GENCO-ii
GENCO-iv
IPPs(Independent Power Projects)
PROJECT NAME
Hub Power Project
Uch Power Limited
AES Pak Gen. (Pvt) Limited
AES Lalpir Limited
Tapal Energy Limited
Southern Electric Power Company Limited
Saba Power Company Limited
Rousch (Pakistan) Power Limited
Liberty Power Project
Kohinoor Energy Limited
Japan Power Generation (Pvt) Limited
Habibullah Coastal Power (Pvt) Co.
Gul Ahmed Energy Ltd. (GAEL)
Fauji Kabirwala Power Company
Altern Energy Limited
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Briefly I will try to explain this hierarchy in my own words so that you will be able to understand
it easily.
Firstly I will explain the CEO(chief executive officer). It is called the head of organization and
he is responsible for each and every task. He is 20 or 21 grade officer appointed by the
government.
He has following subordinates who work under his command.
Finance director
Directors maintenance and management
Chief engineer ( thermal Faisalabad)
Chief engineer technical director
Hr and admin director
Manger security
These are the main figures in image one. All these have their subordinates who work under their
chain of command. Under the chain of command of chief engineers of various departments,
resident engineers are the subordinates of them. These resident engineers belong to the various
holding companies of GENCO-III as mentioned in licensed power plants of NPGLC.
Same is the case with HR and ADMIN directors. People who provide the administration services
are under direct command of this director. These include naid qasid, sweeper, mali, butlers,
junior clerks, senior clerks, head clerks, store helpers, superintendents, assistant directors, steno
typists, deputy manger admin etc.
Under the command of finance director there are also naid qasid, sweeper, mali, butlers, junior
clerks, senior clerks, head clerks, accounts assistant, accounts officer, clerks and deputy manger
accounts.
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Every single member in organization has certain limits which he cannot cross and this is the
reason that among all GENCOs, GENCO-III is earning a large volume of profit for the
government.
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swear(Pvt) Ltd.
Khawaja Muhammad Younis
30 Years as Director, Mahmood Group of Industries, Member Executive Committee (FPCCI),
Member Central Executive Committee (APTMA), Director Punjab Social Security Health
Management Company, President, D.G.Khan& Bahawalpur Chamber of Commerce & Industry
Mr. Muhammad Rafiq Butt:
35 Years as power plant engineer, presently working as GM (D&D)
Mr. Muhammad Naeem Akhtar:
33 Years as power plant engineer, presently working as CE(MMS)
Mr. Ghulam Mustafa Tunio:
34 years as power plant engineer, presently working as CEO (GENCOIII)
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Another branch where I spent my time was the finance directorate of the GENCO-III. This is
also another very important branch of the organization. All those matters relating to the figures
are deal in this branch. Budgeting, banking, tariffs, accountancy, billing and taxation matters are
handled in this branch of the organization although my time span spent in this branch was just 15
days but I got basics of this branch and its operations.
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It was a great time I spent in the organization and all the staff members helped me a lot to deliver
their view points about the organization and its functions.
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Basically I was assigned with a very few tasks to do but the focus of the supervisors was to give
me as much information as possible about the organization in short span of time.
In a branch the accounts assistant told me sort out the debit and credit notes of the organization
and I done it efficiently. Further out the debit note I was assigned to separate the debit note of
various department and try to tally their figures with the supporting documents.
I was assigned the task to write a letter to CEO relating to furniture and other stationary items of
the branch and I completed it with the supervision of the officers. I also got information about
annual confidential report of employees. I also made a rough annual confidential report of an
employee XYZ. I was assigned a task that you will go to the bank with the staff member and try
to understand the account opening process. I observed it and kept in mind all the key points of
the account opening process. I was assigned another task just to observe that how the noting of
the letter of a subject matter are written and how they move to the lower to top level.
I was the man who was responsible to complete the log book. It is a book to keep the record of
the distance traveled by a vehicle on official duty and judge whether there is some
malfunctioning by the drivers of the wagon. And I did my work efficiently and got good gestures
from the boss.
I was assigned a task to maintain the attendance register of the employees of a particular section.
This is the whole training program I described what I felt and did in the given period of time and
I feel that I just understood the basics of the branches in the short time limit. Officers told me
that if you want to understand the whole functionality the period of 6-8 weeks is not sufficient.
The time required to understand the complete of a branch is minimum 7-12 months. But I am a
lucky one to be the part of the organization for a limited time period.
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a. Planning
Planning plays a very vital role in each and every step of life. Without planning there is no
chance to achieve the objectives defined by anyone. Same is the case with the business you are
running. Without planning you will be eliminated from the market because the targets set by you
will not be achieved. So if you ask from 100 people about planning, they will answer you the
same that there is no way to escape from hurdles without planning.
As NPGCL is a government organization and running with the taxes of a nation. There is a huge
planning involved to earn the desired objectives. The top officers in the meeting of board of
directors make a long discussion on planning to achieve the desired out come. Goals are defined
and resources are allocated to achieve those goals.
About planning I will say that this huge organization having billion of rupees assets and revenue
is not running without planning. Each and every step by the senior executives is due to the
planning and time consuming sessions of brain storming.
Organizations planning strategies
Strategic planning means defining the direction and making decision on the
basis of available resources. And it is a reality that majority of us have no
planning. Due to which we are unable to meet the desired goals. Same is the
case with the organization and we see in books and listen by the experts of
management that there are few types of business strategies which can be used
to achieve the directions of the organization. These can be accusation, merger,
growth, product differentiation strategies. So GENCO-III should use the
growth strategy because there are a lot of chances for this organization for
growth.
Decision making process
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Once you do the planning of your goals next thing to consider is your
decisions on such planning. Decision may be centralize or decentralize. But is
essential as planning. Time span for making a decision is very vital. If you
loose that time you are fired. And I think that the decision making is the
mentioned organization is very slow. Which is not a good sign for the growth
of company. Although the structure of organization is flat that the responsible
person can make decisions at spot, but due to the negligence of the officers the
process becomes slow. There is still to improve the decision making process of
the GENCO-III. We are running the government organizations on temporary
basis and we are not visionary to for caste the future needs of people in and
outside the organization.
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b. Organizing
In simple word organizing means the a process of identifying and grouping of the
work to be performed in order to achieve the organizational objectives. In
organizing we delegate the responsibilities to the concerned personals. In the
organization where I did my training the tasks are clearly defined and
responsibilities are assigned to each one according to his rank and scale. Without
organizing an organization cannot achieve its planning objectives.
Organizational design
Organizational design includes the below mentioned points which are essential in
the organization process. It is the structure of the organization in which we
perform our duties.
Departmentalization
It comes into the basics in which jobs are grouped and tasks are assigned
to the lower level staff from the CEO. GENCO-III is divided into
various departments. These are as under.
i.
Material management
Material management is important because whole of the organization depends upon the material.
Material is the blood for the production.
ii.
The company works with paper-based information and reporting systems, which has become a
cause of lower results by affecting quality and timeliness of information.
iii.
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Finance department
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All the finance relating activities are done in this department of the organization. In this, there
are also sub departments working under the umbrella of finance director.
iv.
A Business Strategy Unit is proposed to be set up to take up the task of implementation the
corporate strategy function.
v.
Marketing department
Generation, transmission and distribution related matters are handled in this segments of the
power market.
vi.
vii.
Distribution department
This department deals with the distribution of the electricity to the NTDC by adding the profit
margin per unit.
viii.
Training center
All the training to the staff of NPGCL is the responsibility of this department. Because without
training we cannot avail the upcoming opportunities in the market and we will be unable to solve
the present problems in the organization.
ix.
HR management department
All the activities relating to hiring, firing etc. are controlled in this department.
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Span of control
It deals with number of levels of employees in the organization. The
span of control in GENCO-III is clearly defined and there Is no
ambiguity in it.
Chain of command (Organizational Hierarchy chart)
In the organization of power generation there is a huge chain of
command but the responsibilities are defined according to the pay scale
of the employee from CEO to a worker. Further you can see the chart in
the above pages of the report.
Centralization/Decentralization
Decision making is in centralize form. The major decisions are made in
the meetings of board of directors and the juniors have to convey the
proceedings of the meeting to the lower level staff to achieve the
organizational goals. All the lower level staff has to work according to
the instructions of the top management.
Formalization
It means that up to the what extent the jobs, tasks, rule and procedures
are explicitly mentioned and conveyed to the whole organization. I have
an analysis that the formalization policies are clearly defined in the
shape of books which is called the WAPDA rules and regulation 1958.
Work specialization
It means that how the activities are sub divided into various tasks to be
performed. In GECO-III there is high degree of work specialization and
division of labor is very much clear.
Managing change and innovation
According to my point of view the organization called GENCO-III is not
made to manage the change and innovation because all the things are done
in pre structured manner. Authorities are reluctant to mange the change
and innovation.
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c. Leading
Leading is the ability of a person in an organization to influence others by his
acts and interpersonal skills.
Leadership style(s)
In this organization I was unable to see the the transactional and
transformational leadership style. There was a routine work by CEO of the
NPGCL. But I have seen the participative style of leadership in the
organization. Participative leadership increases employee morale because
employees make contributions to the decision-making process.
Power and politics
That is the point which I have seen a lot in the whole organization at each and
every level of the organization. Everyone tried to influence the organization as
the authority designated to him. Nepotism was the major hurdle in the
organization to achieve the objectives.
Motivation
Government has announced many incentives for the employees like Group life
insurance, qualification pay, generation allowance to motivate the employees
of the organization. These motivational factors are the key of relief for the
employees generating the electricity.
d. Controlling
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It means the check and balance over the goals set and whether the employees
are achieving them or not.
Controlling approach
In the organization where I did my internship, each and every thing is closely
monitored. Strict controlling approach in used by the organization.
Controlling standards
As you know that this is a very sensitive work to produce the electricity. So
international controlling standards are used by the organization.
Controlling of operations
This is also an important part in the controlling. Controlling of operations
means controlling of the result set by you. Operations to produce electricity
are well monitored by the experts. Proper SOPs are used to operate the power
plant.
Controlling of performance
Goals set by the organization are closely monitored e.g. actual capacity of
plant. Capacity attained by the operations and deviation from the target.
Controlling of information/knowledge
Knowledge of oil prices, information relating to improvement of technical
know how, bank interest rates for loans, disposal of scrap at the highest cost,
budgeting, forex rate, these types of information are closely observed by
NPGCL in the market to compete.
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The critical analysis of the GENCO-III is mentioned on the basis of some valuable factors.
Before going towards the analysis we should keep the following things in mind.
1)
2)
3)
4)
5)
6)
Working environment
Collaboration between departments
Level of ethics
Sexual harassment
Nature of decision making
Use of technology
I personally looked that there is good working environment in the organization. Each and every
person is very cooperative and helps the other members to perform his duties. In the sad and
happy moments of life they share all those moments. Due to this working environment there is a
good cooperation among the departments of the organization.
Rotten eggs are every where in the life of the human beings. These elements are the stain on the
face of the organization but these are supported by the top officials and share the amounts of
corruption and on the other hand majority of the staff are good Muslims.
I have never seen the 4th element in organization. Gender respect is very high in the organization.
I am not satisfied with the 5th element because they make decision on the running term basis and
do not look in future.
This organization is using the old technology due to which we are facing a lose in production.
And I am not seeing it future bright if modern means are not used.
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These were the main points to access an organization and its working. Due to the limit of word I
think it is enough for you to grab the image of the organization.
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If you want to know about the organization this analysis is very essential for you. Because it
will help you a lot in all type of dealings with the company. The company SWOT analysis of
NPGCL(GENCO-III) is described as under;
(11.1) STRENGTHS
1. The largest Generation Company in Public Sector owned by the government of Pakistan.
2. Generation can be made both due to gas and furnace oil.
3. These are established in such a way and places to fulfill the electricity requirements.
4. A huge land is available if there is need to expand the generation plants for future.
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(11.2) WEAKNESS
1.
The plant is emitting extra heat than the prescribed standards due to depreciation.
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(11.3) OPPORTUNITIES
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(11.4) THREATS
1. Influence of Oil Mafia is the major threat for plant, because they will exploit the oil
prices.
2. Lack of Fuel Supply can be dangerous and it can completely shutdown the generation if
not available.
3. Political influences is creating nepotism.
4. Security lapses.
5. Lack of interest of public for jobs in such type of companies.
6. Privatization of power plant.
7. Loss on share capital due to lack of trust.
8. Lack of loyalty of employees over company.
9. Poor HRM policy.
10. Deterioration in technology.
11. Environmental issue.
12. Fluctuation in the oil prices.
(12) CONCLUSION
Intern ship report
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I tried to provide careful analysis of the department of the company. I took information of these
departments in GENCO(-III), NPGCL. Although the seven weeks training duration was very
short period for study of an organization but I learned a lot due to the help of the managers. I
worked in different departments of the company during my internship training. The working
hours for duty were 9am to 1pm.
I started my training from HR and admin department and spent almost 35 days of my training
under the supervision of HR admin manager. Director HR of heads this department. During my
internship in this department I leaned bout different function of HR. I also learned about all the
activities regarding selection, recruitment.
I learned the WAPDA rule about various issues like TA/DA, medical, long term advances, car
and house loans, pension policies and transportation. Although time was too short but it was a
great experience for me.
I spent 15 days in finance directorate. I joined the office the accounts in it. I got information
about billings and tariffs. I got knowledge how budget is made for the whole organization and
how to get its approval.
I carefully described the SWOT analysis keeping in view all the things that will happen in future.
So that was the end of the period of seven weeks.
(13) RECOMMENDATIONS
o Take steps to satisfy the stakeholders.
o Improved training of the working staff.
o Online attendance system should be introduced.
Intern ship report
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46 | P a g e
must be reduced.
Give more powers in organizational hierarchy.
Pay concentration for the low level employees.
Improve collaboration between different departments.
Steps to increase productivity.
Hire skillful and talented staff.
Use of latest technology in work environment.
Make better plan for eliminate the line loses.
Pay procedure should be clear.
Provide user friendly working environment.
Reduce work load to the employees.
Regular reconciliation is made to keep the records streamline.
Use of online accounting software.
Wapda employees may be motivated to compete.
Efficient and motivated employees should be rewarded.
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47 | P a g e
At the end I recognize the importance of the above mentioned sources used in preparation of the
report. I grabbed the basics from the above sources and tried my best to link all the information
and the experience during the internship at GENCO-III in my own words. Because without the
aid of official websites of the organizations it was difficult for me to get the information about
the generation structure in Pakistan.
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48 | P a g e
Dec ,2013
Rupees
CAPITAL AND
Intern ship report
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49 | P a g e
50,000,000,0
Rs.10 each
00
ISSUED,
SUBSCRIBED AND
PAID UP CAPITAL
50,000 (2011 :
50,000) ordinary
shares
of Rs. 10 each
issued for cash
500,000
17,89
9,362,366
Unappropriated loss
(19,850,301,
316)
(1,950,438,9
50)
NON CURRENT
LIABILITIES
23,630,637,4
28
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50 | P a g e
Deferred liabilities
4,794,242,69
4
1,00
Deferred grant
7,225,743
29,432,105,8
65
CURRENT
LIABILITIES
Current portion of long term loans
9
7,240,725
74,48
4,953,922
Provision for
taxation
74,582,194,6
47
CONTINGENCIES
AND
COMMITMENTS
102,063,86
1,562
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51 | P a g e
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52 | P a g e
Sales
52,909,791,500
Cost of sales
(54,966,799,798)
GROSS LOSS
(2,057,008,298)
(399,837,153)
(2,456,845,451)
Other income
57,554,810
(2,399,290,640)
(43,485,476)
(2,442,776,116)
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53 | P a g e
16)
(48,856)
2012
Rupees
2011
Rupees
50,000,000,0
50,000,000,
00
000
500,000
500,000
NOTE
CAPITAL AND
RESERVES
AUTHORIZED SHARE
CAPITAL
5,000,000,000 (2011 :
5,000,000,000)
ordinary shares of Rs.10
each
ISSUED, SUBSCRIBED
AND
PAID UP CAPITAL
50,000 (2011 : 50,000)
ordinary shares
of Rs. 10 each issued for
cash
Deposit for shares
Unappropriated loss
(VU PAKISTAN)
17,89
17,89
9,362,366
9,362,366
(13,149,659,
(9,382,294,3
845)
35)
54 | P a g e
4,750,202,52
8,517,568,0
31
17,690,599,6
21,527,323,
93
705
3,784,855,85
3,190,566,7
29
NON CURRENT
LIABILITIES
Deferred liabilities
Deferred grant
63
5,248,922
53,467,623
22,110,704,4
25,071,358,
70
057
CURRENT LIABILITIES
Current portion of long term loans
4
6
9
0,481,986
2,233,655
56,44
2,215,802
47,40
9,386,175
6
CONTINGENCIES AND
10
COMMITMENTS
1,07
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91,631,807
56,482,697,7
49,173,251,
88
637
55 | P a g e
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83,343,604,
82,762,177
779
,725
56 | P a g e
2012
Rupees
TE
CASH FLOWS FROM OPERATING ACTIVITIES
30
7,489,654,080
6,6
(322,283,910)
(95
(677,218)
(66
(167,000,191)
(87
6,999,692,761
4,9
(16,295,895)
(51
(2,614,556,858)
(7,2
(4,004,137)
(10
13,638,951
43,
557
281,781,299
353
(2,339,436,640)
(6,7
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57 | P a g e
(62
(4,868,475,681)
2,6
(4,868,475,681)
2,0
(208,219,560)
165
630,671,158
464
422,451,598
630
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21
58 | P a g e
The end
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