Forensic audit of the last 20 years of IPPs should be conducted | Gohar Ejaz's made a Big Demand
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Forensic audit of the last 20 years of IPPs should be conducted | Gohar Ejaz's made a Big Demand
#pmshehbazsharif
Forensic audit of the last 20 years of IPPs should be conducted | Gohar Ejaz's made a Big Demand
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00:00The data you quoted from NEPRA shows that in Pakistan, there are 4 powerhouses that are earning 10 billion rupees without doing anything.
00:07It feels good to earn without doing anything. Now you have said that you are going to the Supreme Court against them.
00:12Will it be possible to go to the Supreme Court considering that it has sovereign guarantees and international jurisdictions?
00:19Will the Supreme Court be able to solve this issue?
00:21It is a very good question. Many people want to know about it.
00:28I tweeted yesterday that we are going to the Supreme Court.
00:30The Federation of Pakistan Chamber and Economic Policy Development Think Tank have structured it.
00:41We are asking the Supreme Court only one question.
00:45They are presenting the entire data to the Supreme Court.
00:47The entire draft is being prepared.
00:49My question to you is that we want to conduct a forensic audit of this data.
00:54We are ready to pay the cost.
00:57Take the top 3 firms in the world and conduct a forensic audit of their PPAs, contracts, agreements and their performance in the last 20 years.
01:07If the forensic audit was conducted in 2020, when the inquiry committee was sitting on the IPP contracts,
01:17and the forensic audit could not have been conducted at that time,
01:20if the forensic audit would have been conducted at that time,
01:22then the people of Pakistan would not have to face this problem today.
01:26Today, I am only asking the Supreme Court to issue a report on the forensic audit.
01:30If it is present, then it will be revealed how honestly they have fulfilled the agreements.
01:35Do it professionally.
01:36We are hiring the best lawyers in the country to represent the nation of Pakistan.
01:43Doctor, I am sorry. I will do it shortly.
01:45We do not have any opportunity to make a mistake.
01:47We do not have any guarantee of our sovereignty in any international court.
01:52We will conduct a forensic audit.
01:54Doctor, you must have heard what the finance minister said today.
01:58He said that if we do this kind of work, then we have to go ahead and bring investments.
02:04Yesterday, Mr. Rana Ahsan of the government was saying in my program that
02:06there are a lot of cases of investments, but the investor is not coming.
02:10So, we are stuck.
02:11We cannot take the burden on our shoulders that an investor is already there.
02:15Do you understand this logic, doctor?
02:18Yes, it is a very good logic.
02:21He gave a very responsible statement.
02:23If investors run away, then what will happen?
02:26Our finance minister, Honorable, is very experienced and a banker.
02:33Tell me, if these agreements and contracts are nullified,
02:39if these contracts and clauses are not executed,
02:45if there are no fuel audits, no capacity audits, no performance audits,
02:52and continuously NEPRA has been asking them to conduct audits for the last 14 years.
02:56That is why they take orders.
02:57Today, we are saying that we should not touch them in any way
03:02that what will happen if these 40 investors leave our country.
03:07All of them are Pakistanis.
03:08All of them are our friends.
03:10All of them are business people in the same way.
03:12When the committee of 2020 was opened,
03:14they said not to conduct forensic audits, but to settle with us.
03:17And at that time, they had a currency of Rs. 148, which they had planted at Rs. 60.
03:22And they kept their profit at 12% in dollarized terms.
03:27But the currency was fixed at Rs. 148.
03:29I am saying that if the forensic audit would have been done that day,
03:31and it will be done today, God willing,
03:33then after the forensic audit, we will know whether there are agreements or not.
03:36The second step is after that.
03:37So, let this matter be investigated.
03:39I am saying that the capacity of the community, the capacity of the industry,
03:42let me talk about the capacity of the industry first.
03:44It cannot run on 16-17 cents.
03:46In which you say that these capacity payments,
03:49you say that these IPPs have Rs. 26.82.
03:52I have tweeted yesterday that actually,
03:54the exact Rs. 1.07 trillion that we are giving them,
03:57they are running on 36% capacity.
03:59And their capacity payments are Rs. 1.0506 trillion.
04:02And these Rs. 26.82 are being used per unit on average.
04:05This should actually be Rs. 8.
04:07Rs. 10 and Rs. 60.
04:10One second, Rs. 10 and Rs. 60 is our fuel.
04:12This is the average fuel consumed in June,
04:14which includes nuclear fuel, coal fuel, water, natural gas, etc.
04:19The average of all these fuels,
04:21NEPRA has put Rs. 10 and Rs. 60 in its record.
04:23So, I am saying that Rs. 10 and Rs. 60 is the fuel.
04:26You say that whether it works or not,
04:28you have to pay for the plant.
04:29Someone has to pay Rs. 300 per unit.
04:30Mr. Aurangzeb is the finance minister of our country.
04:32He is a very responsible finance minister.
04:34I would like you to understand that case first and justify it.
04:37I am sorry, I have to cut short over here.
04:39Please tell me.
04:40Please understand the problem of the community and call this matter.
04:43This report was made by NAB and others.
04:45It is about overpayments to IPPs.
04:47According to this, 17 out of 16 IPPs
04:49had invested Rs. 51 billion,
04:51Rs. 51.8 billion.
04:54And till now, the profits they have earned
04:57are more than Rs. 400 billion.
04:58That is, the break-even was done in 2-4 years.
05:00The rest of the profits are still going on.
05:01The work is still going on in some places.
05:02In this, because you are repeatedly saying that there are 40 families.
05:05Are there 40 families in the government
05:08who want to stop this matter from being settled?
05:12Do you see this as settling the matter?
05:14Look, this is settling the matter.
05:18Your finance minister, our finance minister,
05:21said that our confidence will be shattered
05:23if you do not buy electricity from us for Rs. 300 per unit.
05:26We will not run it.
05:27But if you do not buy electricity from us for Rs. 300 per unit,
05:30then we will be very angry with you.
05:32Someone is saying that I will sell it for Rs. 750.
05:34Wind costs Rs. 10 per unit in the whole world.
05:36Today, in 3 sets, it costs Rs. 10 per unit in the whole world.
05:38We are buying wind for Rs. 40.
05:39They will also get angry.
05:41We are buying solar for Rs. 41.
05:43The rate is Rs. 3 per unit in the whole world.
05:44They will also get angry with us
05:45if we do not buy it for Rs. 41.
05:47So, the nation should tolerate
05:49that they buy it for Rs. 60 per unit.
05:51Industry, commerce and domestic consumers.
05:54I am saying today that this issue has increased.
05:57So, I will tell my honourable finance minister today
06:00that he should come out of this phase and justify it.
06:03He should find a solution to this.
06:04What is the solution to this?
06:05What is the solution?
06:06We do not want sovereign guarantees to be default.
06:08It is a very simple solution.
06:09It can be solved business-wise.
06:12If you do it business-wise
06:14and if you do it government-wise,
06:16then I will tell you the difference.
06:17How is it done government-wise?
06:18If someone's cost is Rs. 300 per unit,
06:20which is 15 percent,
06:22if someone's cost is Rs. 750,
06:24if someone totals it and averages it,
06:26you put it on the consumer, on the public.
06:28Because the public cannot say anything.
06:29The public will not even know what happened.
06:31Who will take out the account of each unit in front of them?
06:33I do not know why I took it out.
06:34I did not understand.
06:35What happened to me on July 1?
06:37When I gave this system Rs. 7...
06:38There was a conspiracy theory on it.
06:39Doctor, please complete your answer.
06:40Then I will tell you about the conspiracy theory.
06:41I will tell you.
06:42A cancer patient came to me.
06:43I will share it in your program today.
06:45And he said,
06:46I have only Rs. 50,000 disposable,
06:48which I give on medication.
06:50Son, I have a bill of Rs. 50,000.
06:52I do not have it.
06:53What will I do?
06:54I will not take this medicine now.
06:55I said, mother, do not say that.
06:56I will give the medicine.
06:57He said, no, give my electricity bill.
06:59I said, no, I will give the medicine to you.
07:00I want a door from you.
07:02So, the problem with the electricity bill
07:04is that no one is ready to pay the electricity bill.
07:06Even you are not ready.
07:07Yes, it is a very sad situation.
07:08So, who will pay the electricity bill in today's situation?
07:10I am asking you a question.
07:11Who will pay the electricity bill?
07:12Doctor, at this time,
07:13many people are upset
07:14after seeing their electricity bill.
07:16But there are two conspiracy theories.
07:17I also want you to clarify that.
07:19One conspiracy theory is that
07:20suddenly,
07:21two caretaker set-up ministers,
07:23one caretaker prime minister
07:24and one minister,
07:25what happened
07:26that they started talking about this?
07:28This is the first conspiracy theory.
07:29The second conspiracy theory is that
07:31the subsidy that was being given to Eptima
07:32has been terminated.
07:33So, the IPT has been recalled.
07:34So, the IPT has been recalled.
07:35Give an answer to both of them.
07:38First of all, I will give an answer to Eptima.
07:40When I tweeted this on 1st July,
07:42I resigned as the patron chief of Eptima.
07:45Because,
07:46there are a lot of members of Eptima
07:49from these 40 families.
07:51So, I resigned as the patron of Eptima
07:53and took part in this Jihad.
07:55Number two.
07:56The former prime minister
07:58and Gauhar-e-Jaaz,
08:00after completing their term with the government,
08:03I gave a concept of economic policy,
08:05business development,
08:06think-tank.
08:07And we took this concept to Pakistan
08:10so that we can keep researchers.
08:12We went to the Federation of Pakistan Chambers
08:14so that we can,
08:15together with you,
08:16like FICCI does,
08:17we can make our economic policy
08:18and business development
08:19a centre here in Islamabad.
08:21We can keep researchers here.
08:22And whatever issue we had,
08:23so that the country can develop.
08:24I am saying that
08:25if this electricity bill is for 40 people,
08:27we will buy it from them for Rs. 300,
08:29for Rs. 700,
08:30for 15 years,
08:3120 years,
08:32then the business cannot run.
08:33Right.
08:34And when the business will not run,
08:35then for Rs. 300 unit,
08:36for these 40 people,
08:37will we sacrifice 24 crore people
08:39for these 40 investors?