after sugar and wheat is Power Mafia- اب ان کی خیر نہیں

[ILUIK]

While the dust of sugar and floor scandals is yet to settle, an annual swindling of over Rs100 billion by the power sector is appearing on the horizon as a major scam.


The nine-member committee headed by ex-SECP chairman Muhammad Ali has traced the Independent Power Plants (IPPs) scam minting over Rs100 billion annually. The first ever inquiry report of 278 pages has revealed that the wrong doings are not only limited to the true up costs of IPPs and the powerhouses installed under government to government arrangements, but also in their tariffs, fuel efficiencies, economic merit order, guaranteed rate of return in USD and certain conditions in purchasing the electricity from powerhouses have inflicted an irreparable loss to the national kitty.

According to the official sources the committee chairman has already briefed the prime minister over its findings. The PM is very upset over the monumental increase in IPPs profits resulting in massive surge in circular debt and electricity tariff. ‘The IPPs that were installed in the country as per the Power Policy 1994 have unjustifiably pocketed huge profits of Rs350 billion.’ Under the government policy, Nepra allowed 15 percent rate of return with dollar indexation, but power plants are making 50-70 percent annual profits prompting the nine-member committee to recommend to the government to immediately do away with the capacity payment formula based on ‘take or pay and recover the amount of Rs100 billion from IPPs.’ Imran had on August 7, 2019 constituted the committee headed by former SECP chairman Muhammad Ali. Besides representatives from ISI, FIA and SECP, eight more institutions were part of the committee. The committee submitted its detailed findings and recommendations to the Prime Minister in its report: ‘Power Sector Audit, Circular Debt Resolution and Future Roadmap. The nine-member committee conducted due diligence of the documents pertaining to the costs and tariffs of more than 60 power plants. Interestingly, all the members of the committee were unanimous with the findings and there was no dissenting note in the report.

It bares the bitter fact that the power houses inflated their true up costs with additional increase of Rs 2-15 billion to manage the higher tariff from National Electric Power Regulatory Authority. More importantly the cost of coal-based power plants was artificially increased by Rs30 billion. However apart from Nepra, none of the relevant institutions verified the cost of power plants independently through any third party.

 

[ranaji]

اگر واقعی سزا دینی ہے اور ملک کو بچانا ہے تو کیس نیب کے پاس نا بھیجنا نا ہی لوہار کورٹ کے گشتی زادوں کے پاس نا اطہر بن دلہ نا فائز عیسیٰ بلکہ کسی حلالی ماں باپ کی حلالی اولاد ججز کے پاس تاکہ سزا بھی ہو سکے اور انکوائری بھی جے آئی ٹی سے کراؤ جس می آئی ایس آئی اور ملٹری انٹلیجنس بھی ہو

 

[Dr Adam]

While the dust of sugar and floor scandals is yet to settle, an annual swindling of over Rs100 billion by the power sector is appearing on the horizon as a major scam.


The nine-member committee headed by ex-SECP chairman Muhammad Ali has traced the Independent Power Plants (IPPs) scam minting over Rs100 billion annually. The first ever inquiry report of 278 pages has revealed that the wrong doings are not only limited to the true up costs of IPPs and the powerhouses installed under government to government arrangements, but also in their tariffs, fuel efficiencies, economic merit order, guaranteed rate of return in USD and certain conditions in purchasing the electricity from powerhouses have inflicted an irreparable loss to the national kitty.

According to the official sources the committee chairman has already briefed the prime minister over its findings. The PM is very upset over the monumental increase in IPPs profits resulting in massive surge in circular debt and electricity tariff. ‘The IPPs that were installed in the country as per the Power Policy 1994 have unjustifiably pocketed huge profits of Rs350 billion.’ Under the government policy, Nepra allowed 15 percent rate of return with dollar indexation, but power plants are making 50-70 percent annual profits prompting the nine-member committee to recommend to the government to immediately do away with the capacity payment formula based on ‘take or pay and recover the amount of Rs100 billion from IPPs.’ Imran had on August 7, 2019 constituted the committee headed by former SECP chairman Muhammad Ali. Besides representatives from ISI, FIA and SECP, eight more institutions were part of the committee. The committee submitted its detailed findings and recommendations to the Prime Minister in its report: ‘Power Sector Audit, Circular Debt Resolution and Future Roadmap. The nine-member committee conducted due diligence of the documents pertaining to the costs and tariffs of more than 60 power plants. Interestingly, all the members of the committee were unanimous with the findings and there was no dissenting note in the report.

It bares the bitter fact that the power houses inflated their true up costs with additional increase of Rs 2-15 billion to manage the higher tariff from National Electric Power Regulatory Authority. More importantly the cost of coal-based power plants was artificially increased by Rs30 billion. However apart from Nepra, none of the relevant institutions verified the cost of power plants independently through any third party.

اگر واقعی سزا دینی ہے اور ملک کو بچانا ہے تو کیس نیب کے پاس نا بھیجنا نا ہی لوہار کورٹ کے گشتی زادوں کے پاس نا اطہر بن دلہ نا فائز عیسیٰ بلکہ کسی حلالی ماں باپ کی حلالی اولاد ججز کے پاس تاکہ سزا بھی ہو سکے اور انکوائری بھی جے آئی ٹی سے کراؤ جس می آئی ایس آئی اور ملٹری انٹلیجنس بھی ہو

ایک دو دن پہلے کسی تھریڈ میں فدوی عرض کر چکا ہے کہ فوج کی شہادتوں اور عمران کی ایماندارانہ کاوشوں کے بعد ملک کی سالمیت بچانے کے لیے بال پاکستان کی عدلیہ کی کورٹ میں آ گئی ہے . عدلیہ یا تو اب اس ملک کو بچا لے یا اس کتاب کو جسے نادان لوگ آئین کا نام دیتے ہیں جس کا ہر آرٹیکل مجرمان کو تحفظ فراہم کرتا ہے اور عوام کو جیل کی راہ دکھاتا ہے ​

Now or Never
Unfortunately.....
There is no other way!​

 

[ranaji]

ایسا آئین جو کھربوں روپے چوری کرنے والے قومی مجرم کو تحفظ دیتا ہو اور دس روپے کی روٹی چرانے والے کو سزا ایسے آئین کی بتی بنا کر آئین سازوں قانون سازوں اور عدلیہ کو دے دینی چاہیے

 

[AhmadSaleem264]

Yar I am shocked. Kis tarah loota gia hai be dardi sai is mulk ko or chor sahafi abhi tak maan hi nhi rhy k pakistan mai koi corruption hoi hai

 

[ILUIK]

Yar I am shocked. Kis tarah loota gia hai be dardi sai is mulk ko or chor sahafi abhi tak maan hi nhi rhy k pakistan mai koi corruption hoi hai
[/QUOTE


media has its own interests, was best fed by the past corrupt govts but denied by IK, hence they wont support IK.
ایک مالک
MSR
کے پکڑے جانے پر صحافت خطرے میں آگئی تھی ۔ آج ایک مالک (ملک ریاض) نے سینکڑوں صحافیوں کو ایک لمحے میں بے روزگار کردیالیکن مجال ہے صحافت کو کوئی خطرہ لاحق ہوا ہو۔ ہر بات پر بھاشن دینے والے اینکرز کی زبانوں کو آج کس نے تالے لگائے ہیں؟

او بولو تے سہی
When IK talks of the mafias, they are the ones that needs to be fixed if pak and its poor masses is to rise up.
political, judicial, journalist, businessmen and bureaucrats mafias and all of them have nexus, one way or the other have been looking after one another/themselves.
IK has been up against tough opponents. may Allah give him strength to crush these CORRUPTS.

 

[Hate_Nooras]

Another haraami mafia exposed.