Electricity agreements reached during Nawaz Sharif's tenure became shackles around Pakistan's neck, says Kamran Khan

[mudas777]

Honestly a regional average 12-15% will be good
Secondly its not only ROI but how ROI was calculated especially in hydro plants where some local loans were taken but ROI still granteed in dollars

Why didnt we do competitive bidding??
PMLN said it will save time..well go figure

Bro i run a electronics hardware house and i do have to face directors and in the current climate and in good old days we have never crossed from 4% -11% at best. Last decade i ran it above and beyond 7% and my bosses used to be over the moon as volume is huge so does the £'s notes value. Imagine if i go beyond 12% they will be giving their daughters free without any marriage ceremony. In the current climate 2-3% profitability will be a miracle so one have to be realistic and you don't want client to go into liquidation and lender end up nothing at the end. I know we have provided them with the sovereign guaranteed profit but still like Argentina which defaulted and then West have to bail it out and Western banks lost billions. Am sure like Pakistan, China doesn't wants us to default.

PTI wanted to audit, which backfired and PM had to go China to say sorry to China in February 2019.

Because Xi at the highest level meeting refused to reopen the contracts.

 

[Patriot forever]

Because Xi at the highest level meeting refused to reopen the contracts.

The problem is China can not be seeing doing that. They have billions in investments in countries around the world. They have to take into consideration a lot of factors.

The other thing one needs to keep in mind is.

This is plmn karkey and reko dik. Everyone made money, the Chinese companies the corrupt government at that time.

Now its time for public to pay..

 

[Tameem]

A Bad Workman Always blames his tools!
If you find yourself in a hole stop digging!

Kamran Khan is a mouthpiece of our "Deep....", Its seems they are in a complete isolation. Biden not engaging their "selected" and China too ignoring, they cannot sustain this too long. They will burst up finally at some point.

https://twitter.com/x/status/1441339699340058624

https://twitter.com/x/status/1441340228527017991

By Following Chawal-e-Azam footsteps and deep hatered towards Democracy our deep state taking whole Pakistan into a corner. There is simply no friends left for Pakistan after our deep state attacking long last friend of China by their minnows.

 

[Patriot forever]

A Bad Workman Always blames his tools!
If you find yourself in a hole stop digging!

Kamran Khan is a mouthpiece of our "Deep....", Its seems they are in a complete isolation. Biden not engaging their "selected" and China too ignoring, they cannot sustain this too long. They will burst up finally at some point.

https://twitter.com/x/status/1441339699340058624

https://twitter.com/x/status/1441340228527017991

By Following Chawal-e-Azam footsteps and deep hatered towards Democracy our deep state taking whole Pakistan into a corner. There is simply no friends left for Pakistan after our deep state attacking long last friend of China by their minnows.

Everyone knows the ROI on these contracts. No need to eat every shit

This was plmn reko dik and karkey.

The cost of production of these power plants comes to 30Rs per unit, with the ROI and capacity surcharge.

 

[ziaulislam]

PTI wanted to audit, which backfired and PM had to go China to say sorry to China in February 2019.

Ofcourse china is superpower and has to protect it businessmen

The problem is China can not be seeing doing that. They have billions in investments in countries around the world. They have to take into consideration a lot of factors.

The other thing one needs to keep in mind is.

This is plmn karkey and reko dik. Everyone made money, the Chinese companies the corrupt government at that time.

Now its time for public to pay..

We should scale back CPEC and better reap lower cost from WB AB projects
If we dont get a good deal

 

[ziaulislam]

Asian bank in 2013 offered a stage wise ML1 Upgrade..we threw that out of window

So did we thre out JICO for karachi KCR

Look at bengaldesh malaysia..they choose what they think will work

 

[Desprado]

Asian bank in 2013 offered a stage wise ML1 Upgrade..we threw that out of window

So did we thre out JICO for karachi KCR

Look at bengaldesh malaysia..they choose what they think will work

Fact and Truth. Every country find it's own benefit.

 

[Genghis khan1]

A Bad Workman Always blames his tools!
If you find yourself in a hole stop digging!

Kamran Khan is a mouthpiece of our "Deep....", Its seems they are in a complete isolation. Biden not engaging their "selected" and China too ignoring, they cannot sustain this too long. They will burst up finally at some point.

https://twitter.com/x/status/1441339699340058624

https://twitter.com/x/status/1441340228527017991

By Following Chawal-e-Azam footsteps and deep hatered towards Democracy our deep state taking whole Pakistan into a corner. There is simply no friends left for Pakistan after our deep state attacking long last friend of China by their minnows.

Kamran khan is just stating fact. He isn’t blaming China. There is no deep state in Pakistan. Deep state includes institutions with experts, PhDs in their field who advise those in power. Pakistan just have military establishment, incompetent politicians and jahil awam.


If I build power plant in US, govt don’t promise , me any benefit. I build, I sell, I pay Tax to govt. If there is no demand for electricity than its my fault for not doing enough research before starting a business.

 

[Patriot forever]

Kamran khan is just stating fact. He isn’t blaming China. There is no deep state in Pakistan. Deep state includes institutions with experts, PhDs in their field who advise those in power. Pakistan just have military establishment, incompetent politicians and jahil awam.


If I build power plant in US, govt don’t promise , me any benefit. I build, I sell, I pay Tax to govt. If there is no demand for electricity than its my fault for not doing enough research before starting a business.

The dealings that happened with the Chinese companies is the same as what went wrong in reko diq or karkey. Corrupt people at the helm.

It is a way for companies to promote their business, its a normal practice. They take advantage of haramkhors at the helm to secure lucrative deals.

These contracts are not chinese government fault, karkey was not Turkish government fault, reko diq was not Australian government fault.

No one offers sovereign gurantees and such ROI or other tax incentives.

Those power plants are worth many times with the contract more not because they are of actual value but because of the contracts ( the gold egg laying chicken) is worth more than the actual plant.

 

[ziaulislam]

Kamran khan is just stating fact. He isn’t blaming China. There is no deep state in Pakistan. Deep state includes institutions with experts, PhDs in their field who advise those in power. Pakistan just have military establishment, incompetent politicians and jahil awam.


If I build power plant in US, govt don’t promise , me any benefit. I build, I sell, I pay Tax to govt. If there is no demand for electricity than its my fault for not doing enough research before starting a business.

Weird thing is that we claimed its beter then buying bond of 8% and building plants is no riak to govt but is it?

We basically took a 20% bond and now are defaulting on it

 

[CriticalThought]

Google it..this is straight forward data

No it is not. You are fibbing through your teeth.

 

[Patriot forever]

Weird thing is that we claimed its beter then buying bond of 8% and building plants is no riak to govt but is it?

We basically took a 20% bond and now are defaulting on it

Its much more damaging than a 20% bond.

Basically it's a car one leased ( not bought as it's an IPP) at >20% per annum and if you don't drive it one has to pay extra ( capacity payment).

We should have just raised bonds instead and built and owned the plant.

The companies that own the plants did not invest their own capital, instead they just borrowed money from commercial banks and built the plant and are earning on top of it with zero risks as sovereign returns were guaranteed to them at minimum 2x the price they raised the capital through commercial banks. The entire power sector investments are based on this model in CPEC.

This is incompetence and corruption of the highest order. It is far easier to hide kickbacks that flow through international channels.

 

[ziaulislam]

Its much more damaging than a 20% bond.

Basically it's a car one leased ( not bought as it's an IPP) at >20% per annum and if you don't drive it one has to pay extra ( capacity payment).

We should have just raised bonds instead and built and owned the plant.

The companies that own the plants did not invest their own capital, instead they just borrowed money from commercial banks and built the plant and are earning on top of it with zero risks as sovereign returns were guaranteed to them at minimum 2x the price they raised the capital through commercial banks. The entire power sector investments are based on this model in CPEC.

This is incompetence and corruption of the highest order. It is far easier to hide kickbacks that flow through international channels.

I asked ally friends whether kick backs is fine
90% said yes its okay.

The 10% who said no were never in position to get it

If you explain this to common people they will still say geo nawaz, khata hey tu lagata be hey

 

[Norwegian]

I asked ally friends whether kick backs is fine
90% said yes its okay.

The 10% who said no where never in position to get it

If you explain this to common people they will still say geo nawaz, khata hey tu lagata be hey

So the root cause why people like Nawaz / Zardari are still alive in politics is because of corrupt people of Pakistan.

 

[ziaulislam]

So the root cause why people like Nawaz / Zardari are still alive in politics is because of corrupt people of Pakistan.

This is fact whether we like it or not
The scoiety as a whole tolerates corruption much more then western socieities where its frowned upon

An example is how much electricity theft happens