Federal minster Awais leghari media talk about IPP bohat jaldi awam ko relief denay ka elaan
Federal minster Awais leghari media talk about IPP bohat jaldi awam ko relief denay ka elaan
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00:00The electricity prices are a burden. We have to take them towards improvement.
00:06We have a clear understanding that the electricity price in Pakistan should be less than Rs. 10 per unit.
00:17If it is less than Rs. 10 per unit, then it will reach people,
00:23the industry will grow, demand will increase, people will be able to use it, and it will be affordable.
00:30To reach a reduction in the price of Rs. 10 per unit, we have to go through different stages.
00:38It is important for the public to know that there is not a single step that will reduce the price of Rs. 10.
00:50There are different steps that will reduce the price of Rs. 1.5, Rs. 2.25, Rs. 4.25, Rs. 6, etc.
01:02One of these steps is to revise the agreements with the companies that produce electricity,
01:16so that there is a reduction in the price of electricity.
01:19That was a big part of our reforms.
01:23We have assessed this and found out which plants are not needed today,
01:29which are needed, but on different conditions.
01:34Which are government plants that are making a profit,
01:39and we should keep them away from making a profit,
01:42so that there is no negative impact on them,
01:47and we should pass on their shortcomings to our consumers.
01:51The first five plants that we identified that are not needed today,
01:57we started discussions with those five private sector IPPs.
02:03We studied all their agreements, and discussed them so that there is no negative impact on them,
02:18so that they cannot survive, or there is something unfair with them.
02:23And with mutual consultation, Alhamdulillah,
02:27a few days ago, we reached a position where there was agreement between us.
02:33Do you remember that I repeatedly said that unilaterally,
02:40we will not do anything against an investor on the basis of a government decision.
02:49We did not do this.
02:51We proved this, which is very important for our business climate.
02:55And today, I would like to express my appreciation,
02:59not only to my complete team,
03:02who worked hard to put this into practice,
03:08and the government of Pakistan and the people of Pakistan,
03:12who saved Rs. 411 billion,
03:16which is about Rs. 70 billion per year,
03:20but I would also like to thank the owners of these IPPs,
03:26who agreed to this with mutual consultation.
03:31Otherwise, we would have had court cases,
03:33or we would have been seen in a negative light.
03:37And Alhamdulillah, we were able to put this Rs. 411 billion into practice.
03:45It is very important for the people of Pakistan to know
03:49that this is not only the benefit of Rs. 411 billion.
03:53This is to put that mentality into practice,
03:58where today, all stakeholders,
04:02whether it is the political government,
04:04the security establishment of Pakistan,
04:08every institution of Pakistan,
04:11and even private sector investors,
04:15who understood that these electricity prices cannot last long.
04:23It will be necessary to revise these electricity prices.
04:27Accepting this thought,
04:31not only within our institutions,
04:34but also with the private sector,
04:37with mutual consultation,
04:39in a respectful manner,
04:41accepting this and putting it into practice.
04:46The old threats that we had,
04:48that we have earned so much through heat rate and audit,
04:53we harvested that too.
04:56They also made us accept that money.
04:59And we put this agreement into practice,
05:04and in today's time,
05:06we have shown that there is no such thing as unhappiness.
05:09By the grace of Allah.
05:11And within this, all institutions,
05:14and especially the Chief of Army Staff,
05:18who in the task force,
05:21offered us full support of his institutions,
05:27and put it into practice.
05:30Our own institutions,
05:32CPPA, which is under our ministry of finance,
05:36PPIB, some of our NEPRA officers,
05:40and SAPM Muhammad Ali,
05:43General Zafar, who is the national coordinator,
05:46who is an announced thing,
05:48I would also like to thank them,
05:51that all of us together,
05:53the people of Pakistan,
05:56411 billion rupees,
05:58which we were supposed to go to a business group in the next few years,
06:03we reduced it to electricity prices,
06:06and will put it into practice in the next few days.
06:11And under the leadership of the Prime Minister,
06:14all this work was done.
06:16Today he announced it in the cabinet,
06:19and by the grace of Allah, it has been completed.