Hukoomat Ka 15 IPPs Se Muahiday Khatam Karne Ka Faisla. .

ARY NEWS

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00:00After increasing electricity prices and cruel capacity payments in the country,

00:04after the unrest, frustration and protests of the Islamic Jamaat in the public,

00:09the government has decided to terminate the agreements with 15 IPP companies.

00:16The task force, headed by the Minister of Employment and Employment,

00:20has decided to terminate the agreements with 6 IPP companies in the 90s,

00:26while the remaining 9 will be terminated on the basis of Mar-a-Lawar agreements.

00:30Gul Ahmed Energy Ltd, Kohinoor Energy, Liberty Power, Project,

00:34Tapaal Energy Ltd, Atak Generation and Capco have decided to terminate the agreements.

00:39The agreements will not be terminated with the aforementioned IPP companies,

00:43while Lalpeer, Pak Generation, Fauji, Kabirwala Power, Habibullah Coastal,

00:47Japan Power Generation, Sabah Power, Hubco, Southern Electric Power,

00:51Rosh Power. These stages will be terminated with the Mar-a-Lawar agreements in 3-5 years.

00:57Let's see the details of the capacity payments made to the power plants

01:00under the policy of 1994.

01:04In March, 27 crores were paid to Kote Addu Power Plant,

01:0856 crores to Fauji Kabirwala in 3 months,

01:11and 60 crores to Kohinoor Energy from January to March.

01:162.19 crores to Pak-Chin Power,

01:192.20 crores to Lalpeer Power in 3 months,

01:221.82 crores to Rosh Power in 3 months,

01:2781 crores to Sabah Power in 3 months,

01:321.40 lakhs to Liberty Power in 3 months.

01:37The decision to terminate the agreements is more important than this

01:40because 3 days ago, the Prime Minister, Shabaz Sharif,

01:42appointed Mohd. Ali as the Chief Minister.

01:45Today, the Prime Minister, Shabaz Sharif,

01:47was saying that the poor cannot get rid of the cost of electricity.

01:52The poor and the common man have been suffering from the cost of electricity for the past few years.

01:57There is a huge burden on the householders,

02:01from 200 to 500 Euros.

02:03I am hopeful that God willing,

02:05the poor people will not be able to get rid of the cost of electricity

02:09or the cost of electricity.

02:14But to reduce the cost of electricity,

02:17we are working day and night.

02:19When the Prime Minister, Shabaz Sharif, was giving a speech,

02:22the cost of electricity was being increased by Rs. 2.56.

02:26Today, the Governor of State Bank of Pakistan says

02:29that Pakistan has to pay Rs. 26.20 crores during the Rawa Mali year.

02:33This money will be taken from the loan

02:35and that loan will be collected from the people in the form of taxes.

02:38But now, the government has decided to improve the IPP sector.

02:43This is the reason why Muhammad Ali has been appointed as the head of the IPP sector.

02:48In March 2020, Muhammad Ali presented a detailed report

02:52on the IPP sector, which included 288 pages.

02:56He presented this report to the then Prime Minister, Imran Khan.

02:59In this report, the government was informed about the problems of the IPP sector

03:02and was also given the permission through the IPP agreements.

03:05In this report, it was said that in 13 years,

03:07the national treasury has incurred a loss of more than Rs. 4,802 billion.

03:12The Noorukhni Investigation Team,

03:14while presenting the proofs of the illegal profits of the IPPs,

03:18said that the Ministry of Electricity and NEPRA

03:21did not take any notice of the serious losses of the IPPs.

03:24In the report, it was further stated that

03:26the IPPs gave wrong details and information to NEPRA

03:29in order to get a higher electricity production tariff.

03:32In the report, it was said that according to the Power Policy of 1994,

03:3516 out of 17 IPPs, i.e. rental houses,

03:39have invested Rs. 50.8 billion.

03:42They have earned a profit of more than Rs. 415 billion,

03:45which is 18 times that of the investment.

03:506 companies have earned a net return of 60-89% on equity,

03:55while 4 companies have earned a net return of 40% on equity.

03:59At present, if we look at the private companies

04:01that produce electricity under the 1994 policy,

04:04they are paid a total of Rs. 86 billion annually.

04:11The private companies that produce electricity

04:14are producing only 3,451 megawatt of electricity.

04:18If we look at the total payments made to the IPPs,

04:21it accounts for 20% of the total budget.

04:24According to the figures of 2023,

04:26IPPs were paid Rs. 6,034 billion from 2013 to 2023.

04:31However, during this period,

04:33capacity payments increased by Rs. 1136 billion.

04:37It was also said in the Muhammad Ali report

04:39that the 2002 Power Policy IPPs

04:41earned an additional income of Rs. 210 billion in fuel.

04:45According to the report, the method of work was not improved.

04:48Henceforth, these companies will take unlawful advantage of Rs. 1,023 billion.

04:52Along with the recommendations in the report,

04:54the IPPs were blackmailed and threatened to go to London's Salicy court.

04:58In the form of blackmail,

04:59a method of stopping them was also shown to be effective.

05:02According to the NEPRA report released last month,

05:0547.9% of the IPPs are being used for electricity.

05:09However, the taxes are increasing by 100%.

05:12Due to the fall in the value of money,

05:14the volume of capacity payments is also increasing.

05:16In 2013, the amount of capacity payments was Rs. 185 billion,

05:20which in 2024 reached Rs. 210 billion annually.

05:25Most of the capacity payments are being made to the coal-fired IPPs after 2015.

05:30And the most expensive electricity is being generated from these imported coals,

05:34which is generating up to Rs. 60 per unit.

05:36If we look at the breakdown of capacity payments,

05:39the amount of electricity generated from coal-fired houses is Rs. 692 billion.

05:43The amount generated from wind-fired IPPs is Rs. 175 billion.

05:47The amount generated from RPLNG IPPs is Rs. 185 billion.

05:53The amount generated from solar and wind-fired IPPs is Rs. 112 billion.

05:58And the amount generated from nuclear IPPs is Rs. 443 billion.

06:03It is just fantastic.

06:05This is the capacity of the IPPs.

06:08According to the NEPRA report released last year,

06:11only 2.17% of the electricity is being generated from the hub power plant,

06:15which has a capacity of 1200 megawatts.

06:19Only 5.7% of the electricity generated from the hub power plant,

06:24which has a capacity of 421 megawatts,

06:28is being generated from the 1102 megawatt capacity plant.

06:32Only 27.7% of the electricity is being generated from the 1273 megawatt IPPs.

06:39If we look at the total production capacity and capacity of all the IPPs,

06:44it is 36%.

06:46But despite this, the people are being charged Rs. 18 per unit for the capacity payments.

06:51The current situation of the IPPs' capacity payments is such that

06:56everyone is refusing to take action.

06:59And the reality is that two days ago,

07:02during the Senate Climate Committee meeting,

07:04Secretary Power announced that the IPPs of 1845 megawatts,

07:07which run for only 85 hours,

07:09are being paid Rs. 49 billion annually.

07:13The IPPs sector can also be misjudged by the fact that

07:16during the session, Power Secretary was able to say that

07:19even after shutting down the plant, the plant has to get the capacity payment

07:22because we cannot afford to run this plant.

07:25These plants do not meet our merit order.

07:28But there will definitely be a capacity payment.

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