Why is PMLN govt helpless in front of IPPs? - Gohar Ijaz Told Everything
#sawalyehhai #ipps #electricitybill #electricitypricehike #electricitytariff #electricity
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00:00Dr. Gauhar Ejaz is with us. He has been the former Minister of Health and Welfare of India.
00:03He has been with us directly from Lahore. Thank you very much, Mr. Gauhar.
00:06I was looking at your tweet today. First of all, the data that you have shared,
00:10how many percent of the companies, despite running at a low capacity, are getting paid.
00:17Just to, you know, get the record straight.
00:19The data that you have shared, the data that you have accumulated,
00:23how did you jot it down? How did you analyse it?
00:27If you could tell us a little bit about it.
00:31In the name of God, the most merciful, the most merciful.
00:32Thank you, Maria.
00:33You have explained to the people in a very good way what capacity payment is.
00:38You have said the second thing, after capacity payment,
00:41that the people are in so much pain because of the electricity bills.
00:44Thirdly, you have said that Shahid Kaka Khan Abbasi himself said that
00:49we should have set up a plant.
00:51We should have made it easy for some people.
00:52But after that, we should have done the bidding.
00:55After that, this plant should have been set up.
00:57And you also told Mr. Obais Laghari that this is definitely an agenda
01:01under which questions are being raised today.
01:03This loyal minister himself was in the cabinet.
01:05At that time, he did not raise any questions.
01:07I give my point of view one by one on capacity payment.
01:11On July 1, the entire industry came to me and said that we had a cross-subsidy of Rs. 240 billion.
01:23The domestic consumers whom we were giving our bills,
01:27the SIFC decided, the previous caretaker cabinet,
01:31and the government has agreed that they will end the cross-subsidy.
01:36And by ending the cross-subsidy, the industry's tariff,
01:39you had said 9 cents in the SIFC, but even today it will be 16 cents.
01:46I worked for the government for the last 8-9 months,
01:52whether it was industry, commerce, or investment.
01:55And whatever was my responsibility, I worked for the country knowingly or unknowingly.
01:59And this year, your export of 3.5 billion dollars has increased.
02:02And I repeatedly said in every cabinet that Pakistan's manufacturing cannot run
02:07until your electricity rates are correct.
02:09The electricity rate in the entire region is 9 cents. Why is it 16 cents?
02:12And I investigated all that and found out which country subsidizes other consumers.
02:19You don't have to subsidize the industry.
02:21If you have to subsidize any sector, then the government should give from its budget.
02:25That is why tax is given and it has been agreed.
02:27And that point should be taken.
02:29So when I saw these things and I saw that 7 rupees 13 paise is the tariff again,
02:34and I started reading the reports.
02:36So as I kept reading the reports, I said this sentence that I was not surprised.
02:42I kept crying. I said this sentence.
02:44What is happening?
02:45I took out 1.95 trillion rupees this morning and gave it to you that the payment has been made.
02:50The bill of 160 billion rupees is with NEPRA.
02:53This more payment has to be made.
02:55This 2.11 trillion has been calculated by NEPRA.
02:58We have received the bill for which we will pay.
03:00Now Mr. Vaisal Aghari says again and again that our capacity is 18 rupees.
03:05He is forgetting that apart from IPP, we also have Heidel.
03:09Apart from IPP, we also have old GENCOs.
03:12Apart from IPP, we also have old capacity.
03:15I am just saying that the cost of the IPP units that are being generated is 24 rupees per unit.
03:23And the data that is coming, they are making 100 billion units per year.
03:28Apart from this, there is no Heidel from IPP.
03:30Apart from this, there are no GENCOs or old plants from IPP.
03:34You are saying 18 rupees together.
03:37I am just talking about IPP, which is 23,400 megawatts,
03:41which is burdened by the old things on the nation.
03:45I have shared the data of only three plants with you today.
03:50I said that after running one plant at 15%,
03:55on average, you have given 37 billion to each of the three plants.
04:00I am saying it again.
04:02We are talking about bills of 37,000 rupees, which are burdened by the people.
04:0637,000 crores have been given to three plants, which did not even run 15%.
04:11If we say that this is our IPP agreement,
04:15and under this IPP agreement, whether it runs or not, we have to pay money.
04:18Who has made that agreement?
04:20Two of the three plants are owned by the government.
04:23One is of the private sector.
04:25My question is that 52% of the IPPs that are in place today are owned by the government.
04:30So what is the government saying?
04:31That if I try to run the plants that I have planted, which are not running,
04:39or I will tell them that I will give you a capacity payment when you make electricity,
04:43then the investor confidence will be shattered.
04:45Will the government's investor confidence be shattered?
04:50What are they saying?
04:51Number two, they say that this contract cannot be revised.
04:5652% is owned by the government.
04:59Give the money to whoever made the electricity.
05:01Out of this 37,000 crores, 22,000 crores are owned by the government.
05:06I am saying that two of the three plants are owned by the government.
05:08Out of this 2.13 trillion, 52% is owned by the government.
05:1328% is owned by the private sector.
05:1620% is owned by foreign investors.
05:19You should start with the basics.
05:21I am saying that whoever will make the electricity,
05:25it is possible that you can distribute 2,11,000 crores to those people,
05:31to those plants who are not making electricity.
05:35Now there are some technical questions.
05:39This is the first capacity payment.
05:40This is my point that whoever will make the electricity,
05:44the cheapest way to make electricity is to take its cost.
05:48And you create an exchange, create a power exchange.
05:53There should not be a single buyer.
05:55In these power purchase agreements, the government should start first.
05:58In its own power purchase agreement,
06:00they will pay as much electricity as they make.
06:02You see, I am talking about the capacity.
06:06I am saying that this is 24 rupees.
06:08This should be 8 rupees.
06:09But Mr. Gaur, there are 2-3 basic rules.
06:122.9 cents.
06:13The basic rule of the whole world is 2.9 cents of capacity.
06:16Okay, there are 2-3 basic questions.
06:17The first question is that these agreements are long-term agreements.
06:20In this, the value of the dollar is also kept in mind
06:23because that also gets devalued when the money…
06:25Apart from this, the price of petrol also goes up and down.
06:29So my primary question is
06:31that due to the fluctuation of these 2 factors,
06:34do we have to pay more money
06:36or was the contract badly negotiated when it was done?
06:41Last year, on 30th June, the dollar was 280 rupees.
06:46Today, it is 278 rupees.
06:49No currency has been devalued in the last 12 months.
06:51Number one.
06:52The price of oil has gone down compared to last year.
06:56The price of coal has gone down.
06:58The price of gas has gone down in the world.
07:01We have mismanagement.
07:03It has nothing to do with this.
07:05Last year, this capacity payment has increased by 600 billion.
07:09Next year, we are saying that 2.1 will become 2.8 trillion.
07:13700 billion rupees will increase further.
07:15What is the whole problem?
07:16New factories of 23,400 megawatts have been installed.
07:19Our total capacity is 43,000 megawatts.
07:22In summers, as Mr. Shahid Khan said,
07:257,000 to 8,000 megawatts is the consumption in winters.
07:28In summers, the maximum is 22,000 megawatts.
07:31We have to do load-shedding.
07:32We have not installed transmission lines.
07:34All these plants were installed 6 years ago.
07:36Now, this continuous mismanagement, incompetence,
07:39and then I am saying corruption.
07:41All these 3 things in this matter,
07:43and they are saying everything,
07:44give it to the public.
07:45If a plant is not working,
07:47give the money to the public, 15,000 crores.
07:50This is not 15,000 rupees.
07:51This is 15,000 crores.
07:52If it is not working, give it.
07:54Zero unit, give 15,000 crores to one person.
07:57Zero unit, give 14,000 crores to another person.
08:00Give 10,000 crores to the third person.
08:01They are distributing 1,000 crores as if they are distributing 1,000 rupees.
08:05I don't know how many families have been distributed 1,000 crores each.
08:08And the plants are not working.
08:10No one is worried.
08:12I have made it a goal,
08:15knowing that Allah is present and not present,
08:18that the power sector is taking our country at this time.
08:22Neither can this industry run,
08:24nor can this export industry run,
08:26nor can this domestic consumer give,
08:28nor can this commercial consumer give.
08:30No one can give.
08:31And we are not stopping this problem.
08:33We are letting it grow more.
08:34We are sitting with our eyes closed
08:36and saying that whoever says it, we will cut his neck.
08:38Whoever says it, we will throw him.
08:40How did you say it?
08:41What is the question?
08:42Since you have come to stop it,
08:43obviously these agreements are legal documents.
08:46Are there any clauses in it,
08:48that a party should not negotiate
08:51or say that we will review it?
08:53Because these are long-term agreements,
08:55so they are legally binding.
08:57Maria, this is a very good question.
08:59These are agreements,
09:01and I say,
09:02damn if you do it,
09:03damn if you don't do it.
09:04I agree with it.
09:06These are agreements.
09:07First of all, 52% of the government is with itself.
09:10What is the problem with that?
09:11Should we convert it into take and pay in the morning?
09:14We will give as much money as electricity is made.
09:16And should we tell them to make electricity?
09:18Should we make it in the morning?
09:19The exchange will be made in the morning.
09:20It will be made in the morning.
09:21I am telling you.
09:22In the morning, they will say,
09:23sir, how do you want to give electricity?
09:24But no one is bothered.
09:26Because no one has the accountability to stop it.
09:29Because the public has to give money.
09:30Second,
09:31now there are contracts of the private sector.
09:33Contracts of the private sector are projects.
09:36One project is worth 100 million dollars in the wind.
09:39Its actual value is 50 million dollars.
09:41This is the term of the basic contract
09:43that there should be no dishonesty in the contract.
09:46In any term of the contract,
09:48in any place,
09:49if you have done dishonesty,
09:51if you have made a misstatement,
09:53then that contract should not be accepted anywhere.
09:55All these contracts are wrong.
09:58We are looking at each contract.
10:00Maria,
10:01I have hired the best law team
10:03to look into these contracts.
10:05Every contract that we are looking at,
10:07the coal plant here is worth 2 billion dollars.
10:10Its value is worth 1 billion dollars.
10:13If the government is serious about its forensic audit,
10:16if the government wants me to call this issue to the public,
10:20then the government should announce today
10:22that we will conduct a forensic audit of all the projects
10:24for its valuation.
10:25All of them were started just now.
10:27Every project is at a double price.
10:29All these contracts,
10:30its forensic audit,
10:31should be done from tomorrow morning.
10:33The audit committee should be done.
10:35The top accountant firm should be brought.
10:37We are ready to pay the cost.
10:39We will pay the cost.
10:40Thank you very much.
10:41But what should be its intention?
10:43Innamal amala bin niyyat.
10:45The intention of every action.
10:47The intention of all actions.
10:48And what should be its intention?
10:50Thank you very much.
10:51Dr. Mujahid is with us.