Strict Contracts With IPPs - Who are the real owners of IPPs? - Meher Bukhari's Shocking Revelation - video Dailymotion

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Transcript

00:00This is the story of those 40 families who take out billions of rupees from the pockets of the Pakistani people every year.

00:06And in this aiding and abetting, the government or the state has a full hand.

00:10This is the story of such power plants of IPPs that even if they don't generate electricity,

00:14they are paid billions of rupees in the form of capacity payments.

00:17Circular debt of 2300 crores is in addition to this.

00:20And to end this circular debt or to consolidate it, the same state that has made agreements with the power plant,

00:27increases the basic tariff of electricity.

00:29After increasing the price of electricity in the last month,

00:32this debate has become more intense that the government should pay the expenses of the people in the form of capacity payments.

00:38And then the former Minister of Commerce and Industry, Ijaz Gohar,

00:41held several expos and press conferences on this issue.

00:44And he mentioned the 40 families in the IPP sector.

00:47And today he has announced that we will go to the Supreme Court against capacity payments.

00:53A plant that supplied zero electricity in January, it was given 1000 crores.

00:59In February, it supplied zero again.

01:01In March, it supplied zero again.

01:03Then it was given a payment of 1000 crores.

01:06Out of 106, 50% of the plants are such that are making less than 10%.

01:1025% are such that are running on zero.

01:13The other day, the FPCCI and APTAMA also demanded a forensic audit on the IPPs.

01:20They said that the government will have to decide whether it wants to save 40 people,

01:24or 40 families, or 240 million Pakistanis.

01:29No one should survive.

01:31Only those people should survive who do not use energy.

01:34There is a burden on 10 people.

01:36When one of them falls down, we will put that burden on 9 people.

01:40The textile industry of Pakistan cannot run on such expensive electricity.

01:44The time has to be decided.

01:46These factories have to be shut down.

01:48Or you give us capacity payments for closed factories.

01:50These IPP agreements are not sustainable.

01:53Whatever electricity is made, it should be paid for.

01:57The story of IPPs starts at the end of the 80s,

02:01when the first IPP hub was founded in 1986.

02:05And then in 1994, the first IPP was made under the policy of installing power plants.

02:11At that time, 18 rupees per unit capacity payment was paid.

02:17That is, whether the power plant produces electricity or not,

02:20it will be paid according to the capacity of 18 rupees per unit.

02:24According to the data, between January 2024 and March 2024,

02:28150 billion rupees of capacity charges were paid to the IPPs every month.

02:33The IPPs received 450 billion rupees in 3 months.

02:37And 4 power plants did not produce 1 unit of electricity.

02:40But they were also paid 1000 crore rupees.

02:4352% of these power plants are owned by the government and 28% by the private sector.

02:49Three plants with a capacity of 3000 megawatts are closed right now.

02:55The first one has a 192 megawatt hub.

02:58The second one has a 146 megawatt Habibullah Coastal Power Company.

03:02And the third one has a 1638 megawatt Capco power plant.

03:06It should be clear that like other sectors,

03:09there are also some prominent families in this sector whose names are mentioned.

03:13For instance, you hear about the Tareens, the Tabaz, the Dauds,

03:17and the Mansha.

03:19These families are so powerful that they make their own policy.

03:25And then it is also accepted.

03:27Let's look at the three power companies.

03:29On the first number, Hub Power was paid 2.6 billion rupees in January,

03:334.3 billion rupees in February,

03:35and 2.6 billion rupees in March.

03:38And Hub Power did not produce a single unit of electricity.

03:41Viewers, three years ago, there was an agreement between the IPPs and the government.

03:45And this agreement was being called a game changer.

03:48A claim was being made that now no one will have to buy expensive electricity in the country.

03:53There are agreements of 1994, 2002, and 2006.

03:58God willing, they have been reviewed and agreed upon.

04:02Our industry should benefit from it.

04:04God willing, the power producers of the government will also come under this umbrella.

04:09Their rates are also being reviewed and they will also be adjusted, God willing.

04:13Imran Khan tweeted and said,

04:15I congratulate the nation on the new agreements made by the IPPs.

04:19And he also said,

04:20Circular debt and electricity production will be reduced.

04:22This is the same time, viewers, when the committee was also formed

04:25on the decision of the IPPs.

04:28In the leadership of Muhammad Ali, the Noorukhni committee presented its report

04:31and recommendations to Prime Minister Imran Khan.

04:34And then, unfortunately, what happens in Pakistan,

04:37big press conferences were held.

04:39But no action was taken against anyone.

04:42Although it was a great report.

04:43Report on the Power Sector Committee for Power Sector Audit, Circular Debt Resolution

04:47and Future Roadmap.

04:49It was written on 288 pages.

04:51It was a report worth reading.

04:53In this report, it was said that multiple power plants have gained extra profits.

04:57Four power plants of the Mianmanshah Group

05:00have earned almost 11 billion rupees in extra profits between 2011 and 2018.

05:05At that time, the Sabah power plants of Prime Minister Nadeem Babar

05:08have earned almost 1 billion rupees in extra profits

05:10and more than 3 billion rupees in dividends.

05:13At that time, Razaq Daud's Hukumti Mushir,

05:16his company Roosh Power,

05:17spent 9 billion rupees on power plants

05:20and earned 30 billion rupees.

05:22While his other power plant, Alton Energy,

05:25earned almost 6.5 billion rupees.

05:27In the report, it was further stated that

05:29the Sabah Power Project and the Orient Power Plant

05:31have earned almost 10 billion rupees in extra profits.

05:34Both these plants are owned by Nadeem Babar.

05:37Similarly, two power plants of the JWD Group

05:41have earned almost 4 billion rupees in extra profits.

05:44And instead of having further proceedings against them,

05:47there were talks of a heat audit.

05:49This report went very deep.

05:51But a new agreement was made with the IPPs

05:54and all of them were accommodated

05:56given that state agreements were present.

05:59But now, the data that has come out,

06:01it is being found that

06:03the IPPs that were benefited under this agreement,

06:06like on the fourth number in the list,

06:09Roosh's P unit is being bought for 745 rupees.

06:13And the plant factor of this power plant is only 4%.

06:17This means that this plant is generating electricity

06:19with a capacity of only 4%.

06:21Isn't it amazing?

06:23It is also important to mention that

06:25Roosh Pakistan is the owner of Power Limited Descon.

06:27Descon is owned by the famous businessman

06:29and the head of the Tariq-e-Insaf Cabinet,

06:31the famous businessman, Razzaq Daud.

06:33According to the Gohar-e-Jaz,

06:35the government of Roosh has not only

06:37measured the damages of 160 crores,

06:39but also took the credit of renewing these agreements.

06:42And when this agreement was finalized,

06:45they were the most important ministries.

06:48The son of the Prime Minister, Sulaiman Shahbaz,

06:51tweeted the other day

06:53and asked an innocent question about the power sector.

06:55Can anyone tell us what is the performance of the capability?

06:58What is taking and giving?

07:00What is pay and take, take and pay?

07:02Viewers, let me tell you that the owner of one IPP,

07:05Chiniot Power Limited,

07:07the son of the current Prime Minister,

07:09Sulaiman Shahbaz,

07:11and his power plant,

07:13has been paid more than 63 crore rupees

07:15in three months.

07:17Similarly, the fifth number on the list,

07:19the Nandipur Power Plant,

07:21whose plant factor is only 8%,

07:24has been paid 15 billion rupees.

07:27And this is the same plant that was openly politicized.

07:30If we look at the other IPPs,

07:32then we are in the ownership of Power Plant,

07:34Angro and Habibullah Group.

07:36Similarly, the Alton Power Project

07:38is also in the ownership of Descon,

07:40which is owned by Abdul Razzaq Daud,

07:42Pak Generation Power Project,

07:44Nishat Power, Nishat Chunia,

07:46Lalpeed Power Plant,

07:48and according to the IPP report,

07:50if we look at the profits of all four plants,

07:52then it is approximately 71.5 billion rupees.

07:55Gul Ahmed Energy's owner, Gul Ahmed Group,

07:57is the owner of Sabah Power Project

07:59and the owner of Saif Power Plant,

08:01as we told you, is Mushir-e-Tawanai Nadeem Babar.

08:03Davis Energon Private,

08:05is in the ownership of Syed Abid Imam

08:07and Syeda Kulsoom Imam.

08:09Syed Abid Imam is the son of Fakhar Imam.

08:11Similarly, Saif Power Plant

08:13is in the ownership of Saifullah Group.

08:15The owner of Lucky Power Company

08:17is Muhammad Ali Tabba.

08:19JDW Unit 2 and 3

08:21is owned by Jahangir Khan Tarim Saad.

08:23And now, if we look at the 101 IPPs,

08:25then three plants,

08:27zero, meaning a big zero,

08:29are running at zero capacity.

08:31The capacity of 70 plants,

08:33that is, the capacity to generate electricity,

08:35is approximately 31%.

08:37Whereas, 13 plants are such

08:39that they are generating electricity

08:41at a plant factor of more than 50%.

08:43Viewers,

08:45from 25% to 83%,

08:47the plants that generate electricity

08:49have been paid 1314 billion rupees.

08:51In simple words,

08:5380% of the IPPs generated

08:55less electricity,

08:57but they were paid 100%

08:59according to the total capacity.

09:01One plant, Alhamdulillah,

09:03whose plant factor was 4%,

09:05was paid 7 billion rupees.

09:07Now, if we look at the electricity purchase,

09:09the government is buying

09:11almost 200 rupees per unit

09:13from the coal-fired power plant

09:15and 50 rupees per unit

09:17from the solar power plant.

09:19And if we look at the total payment,

09:21it is almost 2 billion rupees.

09:23The government has paid

09:251929 billion rupees to the power plants

09:27in the capacity payments

09:29for which not a single unit of electricity

09:31has been collected.

09:33That is, without purchasing electricity,

09:351929 billion rupees have been spent.

09:37What do you think?

09:39If we look at the payment breakdown,

09:41the IPPs were paid 38%

09:43of the total payment,

09:45whereas 62% of the capacity

09:47was paid in the payment.

09:49Just three years later,

09:51Circular Deadly has become

09:53such a freak that

09:55not only is it getting stronger

09:57with each passing day,

09:59but it is almost impossible

10:01to control it.

10:03And how can it be controlled

10:05when there are strong rulers

10:07and strong contacts in a sector?

Strict Contracts With IPPs - Who are the real owners of IPPs? - Meher Bukhari's Shocking Revelation

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