#IPPs #ElectricityBill #ElectricityPriceHike #ElectricityTariff #Electricity #PMShehbazSharif #AsimMunir #IndependentPowerProducer
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ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.
Official Facebook: https://www.fb.com/arynewsasia
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NewsTranscript
00:00In Pakistan, some IPPs have become the subject of public outrage over the destruction of the country's economy.
00:07According to government sources, some IPPs have generated electricity without a valid contract and have received billions of rupees.
00:14The government has to bear the brunt of the wrong contracts.
00:18Despite coal reserves, expensive crude oil, billions of rupees in subsidies to generate electricity,
00:25and bombs dropped on the people, the IPPs have become the subject of public outrage.
00:30According to government sources, some IPPs have generated electricity without a valid contract and have received billions of rupees.
00:35Four times more expensive wind plants have been installed than in Bangladesh and Vietnam.
00:40Over-inviting has been done in the contracts as well.
00:42Electricity has not been generated as much as the imported fuel has been generated.
00:46Gold-plated IPPs have evicted the government's maintenance money as well.
00:50Despite the government's relentless insistence, the IPPs are not getting forensic audits.
00:55Most of the owners are locals, but the contracts have been made in the name of foreigners.
00:59Some IPPs have been leased to a few influential families.
01:03According to the sources, the government also bears the insurance of the IPPs.
01:07In the beginning, the government also bore the expenses of installing the IPPs.
01:11The IPPs were also given facilities in taxes.
01:14Despite all this, these plants will not belong to the government even after the term of the contract is over.