Hukoomat Ka 15 IPPs Se Muahiday Khatam Karne Ka Faisla. .
Hukoomat Ka 15 IPPs Se Muahiday Khatam Karne Ka Faisla. .
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00:00After increasing electricity prices and cruel capacity payments in the country,
00:04after the unrest, frustration and protests of the Islamic Jamaat in the public,
00:09the government has decided to terminate the agreements with 15 IPP companies.
00:16The task force, headed by the Minister of Employment and Employment,
00:20has decided to terminate the agreements with 6 IPP companies in the 90s,
00:26while the remaining 9 will be terminated on the basis of Mar-a-Lawar agreements.
00:30Gul Ahmed Energy Ltd, Kohinoor Energy, Liberty Power, Project,
00:34Tapaal Energy Ltd, Atak Generation and Capco have decided to terminate the agreements.
00:39The agreements will not be terminated with the aforementioned IPP companies,
00:43while Lalpeer, Pak Generation, Fauji, Kabirwala Power, Habibullah Coastal,
00:47Japan Power Generation, Sabah Power, Hubco, Southern Electric Power,
00:51Rosh Power. These stages will be terminated with the Mar-a-Lawar agreements in 3-5 years.
00:57Let's see the details of the capacity payments made to the power plants
01:00under the policy of 1994.
01:04In March, 27 crores were paid to Kote Addu Power Plant,
01:0856 crores to Fauji Kabirwala in 3 months,
01:11and 60 crores to Kohinoor Energy from January to March.
01:162.19 crores to Pak-Chin Power,
01:192.20 crores to Lalpeer Power in 3 months,
01:221.82 crores to Rosh Power in 3 months,
01:2781 crores to Sabah Power in 3 months,
01:321.40 lakhs to Liberty Power in 3 months.
01:37The decision to terminate the agreements is more important than this
01:40because 3 days ago, the Prime Minister, Shabaz Sharif,
01:42appointed Mohd. Ali as the Chief Minister.
01:45Today, the Prime Minister, Shabaz Sharif,
01:47was saying that the poor cannot get rid of the cost of electricity.
01:52The poor and the common man have been suffering from the cost of electricity for the past few years.
01:57There is a huge burden on the householders,
02:01from 200 to 500 Euros.
02:03I am hopeful that God willing,
02:05the poor people will not be able to get rid of the cost of electricity
02:09or the cost of electricity.
02:14But to reduce the cost of electricity,
02:17we are working day and night.
02:19When the Prime Minister, Shabaz Sharif, was giving a speech,
02:22the cost of electricity was being increased by Rs. 2.56.
02:26Today, the Governor of State Bank of Pakistan says
02:29that Pakistan has to pay Rs. 26.20 crores during the Rawa Mali year.
02:33This money will be taken from the loan
02:35and that loan will be collected from the people in the form of taxes.
02:38But now, the government has decided to improve the IPP sector.
02:43This is the reason why Muhammad Ali has been appointed as the head of the IPP sector.
02:48In March 2020, Muhammad Ali presented a detailed report
02:52on the IPP sector, which included 288 pages.
02:56He presented this report to the then Prime Minister, Imran Khan.
02:59In this report, the government was informed about the problems of the IPP sector
03:02and was also given the permission through the IPP agreements.
03:05In this report, it was said that in 13 years,
03:07the national treasury has incurred a loss of more than Rs. 4,802 billion.
03:12The Noorukhni Investigation Team,
03:14while presenting the proofs of the illegal profits of the IPPs,
03:18said that the Ministry of Electricity and NEPRA
03:21did not take any notice of the serious losses of the IPPs.
03:24In the report, it was further stated that
03:26the IPPs gave wrong details and information to NEPRA
03:29in order to get a higher electricity production tariff.
03:32In the report, it was said that according to the Power Policy of 1994,
03:3516 out of 17 IPPs, i.e. rental houses,
03:39have invested Rs. 50.8 billion.
03:42They have earned a profit of more than Rs. 415 billion,
03:45which is 18 times that of the investment.
03:506 companies have earned a net return of 60-89% on equity,
03:55while 4 companies have earned a net return of 40% on equity.
03:59At present, if we look at the private companies
04:01that produce electricity under the 1994 policy,
04:04they are paid a total of Rs. 86 billion annually.
04:11The private companies that produce electricity
04:14are producing only 3,451 megawatt of electricity.
04:18If we look at the total payments made to the IPPs,
04:21it accounts for 20% of the total budget.
04:24According to the figures of 2023,
04:26IPPs were paid Rs. 6,034 billion from 2013 to 2023.
04:31However, during this period,
04:33capacity payments increased by Rs. 1136 billion.
04:37It was also said in the Muhammad Ali report
04:39that the 2002 Power Policy IPPs
04:41earned an additional income of Rs. 210 billion in fuel.
04:45According to the report, the method of work was not improved.
04:48Henceforth, these companies will take unlawful advantage of Rs. 1,023 billion.
04:52Along with the recommendations in the report,
04:54the IPPs were blackmailed and threatened to go to London's Salicy court.
04:58In the form of blackmail,
04:59a method of stopping them was also shown to be effective.
05:02According to the NEPRA report released last month,
05:0547.9% of the IPPs are being used for electricity.
05:09However, the taxes are increasing by 100%.
05:12Due to the fall in the value of money,
05:14the volume of capacity payments is also increasing.
05:16In 2013, the amount of capacity payments was Rs. 185 billion,
05:20which in 2024 reached Rs. 210 billion annually.
05:25Most of the capacity payments are being made to the coal-fired IPPs after 2015.
05:30And the most expensive electricity is being generated from these imported coals,
05:34which is generating up to Rs. 60 per unit.
05:36If we look at the breakdown of capacity payments,
05:39the amount of electricity generated from coal-fired houses is Rs. 692 billion.
05:43The amount generated from wind-fired IPPs is Rs. 175 billion.
05:47The amount generated from RPLNG IPPs is Rs. 185 billion.
05:53The amount generated from solar and wind-fired IPPs is Rs. 112 billion.
05:58And the amount generated from nuclear IPPs is Rs. 443 billion.
06:03It is just fantastic.
06:05This is the capacity of the IPPs.
06:08According to the NEPRA report released last year,
06:11only 2.17% of the electricity is being generated from the hub power plant,
06:15which has a capacity of 1200 megawatts.
06:19Only 5.7% of the electricity generated from the hub power plant,
06:24which has a capacity of 421 megawatts,
06:28is being generated from the 1102 megawatt capacity plant.
06:32Only 27.7% of the electricity is being generated from the 1273 megawatt IPPs.
06:39If we look at the total production capacity and capacity of all the IPPs,
06:44it is 36%.
06:46But despite this, the people are being charged Rs. 18 per unit for the capacity payments.
06:51The current situation of the IPPs' capacity payments is such that
06:56everyone is refusing to take action.
06:59And the reality is that two days ago,
07:02during the Senate Climate Committee meeting,
07:04Secretary Power announced that the IPPs of 1845 megawatts,
07:07which run for only 85 hours,
07:09are being paid Rs. 49 billion annually.
07:13The IPPs sector can also be misjudged by the fact that
07:16during the session, Power Secretary was able to say that
07:19even after shutting down the plant, the plant has to get the capacity payment
07:22because we cannot afford to run this plant.
07:25These plants do not meet our merit order.
07:28But there will definitely be a capacity payment.