My all good wishes are with this project. I just pointing out the difficulties in getting investment and the types of questions investors ask. Banks agreed to finance IPPs becasue of the following comforts. The suppliers of macinery were world leading companies who gave comprehensive guarantees about all performance metrics of the machinery. The contracors were world leading companies and they gave separate performance guarantees as well. Suppliers and contractors guarantees were further backed by bank guarantees. Fuel supply was guarantees by PSO and backed by government of Pakistan guarantees. Power purchase was guaranteed by WAPDA and was backed by government guarnantee. Fuel and power prices were set under a formula tp ensure profitability and repayment of debt. And all these agreements were backed by government of pakistan guarantee. After all this banks are now in trouble because no one foresaw the circular debt problem. Now tell me how will a bank will invest in the above project? Only government can invest in it and for that there will be more money printing resulting in more inflation and devaluation.
Is there anyone who will buy a car built by Dr Samar instead of a Japanese car?
Is there anyone who will buy a car built by Dr Samar instead of a Japanese car?