Forensic audit of the last 20 years of IPPs should be conducted | Gohar Ejaz's made a Big Demand - video Dailymotion

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#Goharejaz #ipps #Pakistan #electricitybills #powercrisis #pmlngovernment  #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?

Forensic audit of the last 20 years of IPPs should be conducted | Gohar Ejaz's made a Big Demand

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