Capacity payment agreements with IPPs - Govt Takes Big Action - Awais Leghari Told Everything - video Dailymotion

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Transcript

00:00These plants are planted to fulfill the demand of our summer so that there is no load shedding in June, July and August.

00:10The same demand in our country, where the demand is of 30,000 megawatts, it remains one-third in winters.

00:22What should those plants do in those five months when demand is one-third?

00:29What should they do if they do not produce?

00:32If they do not produce, then the capacity payment is to keep that plant available for 24 hours, 365 days.

00:42Whenever you want to run electricity, there is an amount in the capacity payment.

00:48And is this the case all over the world?

00:50If this does not happen, and you keep hearing about take-and-pay,

00:57if this does not happen, and if you go above take-and-pay, then the price of your fee unit will go up.

01:05Will it go up more than it is today?

01:07No, no, it can reach almost, or it will be a little less than that if you go above take-and-pay.

01:15But when these plans were put in place, the rate of dollar and interest was low at that time.

01:23Let me tell you that if the plans put in place in 2016, whose capacity payments are being discussed,

01:29if the plans were put in place at that time, if the same dollar and interest rate was there,

01:36then today your electricity would be about 7 to 8 rupees per unit cheaper.

01:42Despite saying these things, we had about 28 plants in the policy of 1994 and 2002.

01:52The Prime Minister of those 28 plants gave us a task before the press conference.

02:00The task has been almost completed.

02:02And whatever you are hearing these days, this is mostly happening because they know that the government is going to do this.

02:10Everyone will try to put their share in it and take their credit, which is their full right.

02:16And we are thankful to everyone who is talking about IPPs.

02:21This is our agenda, which is already on it.

02:24What is going to happen?

02:26Complete the matter.

02:27What is going to happen with respect to 28 IPPs and 28 plants?

02:31There are about 28 plants of 1994 and 2002, which we have completely dissected and analyzed.

02:45How many plants are needed?

02:47How many plants should go on take-and-pay?

02:49How many should be given upfront money and retired so that you have savings of several hundred billion rupees in the future?

02:57Before talking about their wisdom, we have already started working on it.

03:06Tell me, what is your opinion?

03:10Some people say that these things did not start suddenly.

03:13This also started when it was said from somewhere.

03:15Has anything like this happened?

03:16Wherever it has been said, thank God.

03:20They are supporting our program.

03:24And this is almost at the end of March or in the first week of April.

03:32This was done by the Prime Minister of the Reform Program Power Sector, whose news was also going on.

03:39Revisiting all the things of IPPs and seeing them was a fundamental part of our program.

03:47So very soon we will get some IPPs.

03:51We are a government.

03:54We don't want to take any step that will challenge the international courts of arbitration.

04:05Where the taxpayer has to give instead of taking.

04:09We are not playing such a big band.

04:14We are doing serious work in silence.

04:17And the result of that serious work will be less in the price of people's electricity.

04:24And this is the Prime Minister's own program.

04:27Probably the political parties that are protesting these days and the industrialists who are claiming this.

04:34We are four steps ahead of them, but we are walking silently.

04:38And when the time comes to show this, we will show it on a strong footing, God willing.

04:44And this work, God willing, is obvious.

04:46There can be no better news for the public at this time, if this happens.

04:49So will there be a rough timeline in the next 3-4 months?

04:53Sir, I am completely irresponsible.

04:57Who knows it will happen much earlier.

05:00I don't want to state anything irresponsibly right now.

05:04But I must tell you that this is the Prime Minister's and the state's priority right now.

05:11And the owner of any IPP.

05:13We don't have any uncle or anyone's son.

05:17So instead of people's interest right now, and along with the interest of Pakistan.

05:23Someone's interest, along with Pakistan's interest.

05:28It is not more beautiful than anything.

05:30More than people's interest.

05:32And sir, do you agree with this?

05:34Okay, you have told us everything.

05:36That dollar-rupee parity has become like this.

05:38Currency devaluation has become like this.

05:40All the equations are out.

05:41It has become so expensive.

05:42Otherwise, the fee unit would have been at least 8 rupees cheaper today.

05:44Having said that, you will also say that anyway.

05:47Contracts with IPPs were not very good.

05:49They could have been better than this.

05:50Or you will say, no, it happened the same way.

05:52Now the rest of the matters have come.

05:53The rest of the factors have come.

05:54So that's why bad luck happened.

05:56Contracts with IPPs.

05:59If at the right time.

06:02Electricity.

06:03In different halls.

06:05From the 1990s to the present.

06:08At the right time.

06:10If electricity was added on at the same time.

06:13And there was not so much gap.

06:15And Pakistan was not so desperate for electricity in those days.

06:20And at that time, Pakistan's economic conditions were not so desperate.

06:24Then maybe we would have gotten a better deal.

06:27Even today.

06:28Every country has its own risk.

06:30So macroeconomic conditions.

06:32The percentages of loan risk there.

06:35Insurance cost.

06:36And it looks at everything.

06:38If we have.

06:39If we have.

06:40Electricity plants after 2015.

06:43On which our government was proud.

06:46It is still there at that time and today.

06:48If the economy kept growing.

06:50Wasim brother.

06:51Yes.

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Capacity payment agreements with IPPs - Govt Takes Big Action - Awais Leghari Told Everything

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