Pakitan bankrupt power sector

[jamahir]

At the behest of that spendthrift organization, ISI. It really loves to waste Turkey's money, doesn't it? @Areesh @xeuss @jamahir @AfrazulMandal

- PRTP GWD

You really think that even the farmers from Bihar, Maharashtra and Karnataka are working at the behest of ISI ?

 

[ziaulislam]

Govt needs to put 500b rupees in subsidy to electricity (bring additional money by taxing oil more)
Hike rates for high end consumers
Privitize distribution (okay easier said then done but still)
Close all descos (yes done but too late)
Negatiate with IPPs is hit and miss
And thats it..fixed


As for cheap electricity people should act as grown up you asked for expensive power by voting for PMLN so why cry now????

 

[Death Professor]

Listen dorky I support our farmers and hate modi and bjp so stop bsing. Our leaders may have committed some mistakes but most of them were visionary and able administrators be it Nehru, Shashtri, Indira, Rajeev, Rao, Manmohan or Atal but yours one have been totally nutjobs and that's the truth.

Ohh wow, you commented like I gave a damn about "your political affiliation/likings/dislikings", btw go to protest if you support farmers what are you doing on a Pakistani thread? Also I don't really care about who you worship, whether its cow, nehru or whatever. What I care about is, derailing and trolling of threads. Which you as a pajeet are currently doing. Not worrying about your own stuff and cow shitting on a non-India related thread. Stay on topic or gtfo.

 

[ziaulislam]

I hate it when we dont act as adults

You want "sheer...." But no corruption ..
You are okay with " kick backs khata hey lagata be hey...but want cheap electricity and oil"



And dont tell me that PMLN and PPPP has no support..
I have mets 1000s of educated people that support PMLN and PPPP ..majority of my extended family in punjab does

PMLN support is very real this isnt MQM(even though MQM had decent support too)

opposition got more votes than PTI and opposition had a colaition govt in 2008 and an understanding afterwards ..

 

[Path-Finder]

As for cheap electricity people should act as grown up you asked for expensive power by voting for PMLN so why cry now????

the answer is..............because PTI this that the other. absolbing t001 party and peepee. who remembers raja rental?

 

[SABRE]

I hate it when we dont act as adults

You want "sheer...." But no corruption ..
You are okay with " kick backs khata hey lagata be hey...but want cheap electricity and oil"



And dont tell me that PMLN and PPPP has no support..
I have mets 1000s of educated people that support PMLN and PPPP ..majority of my extended family in punjab does

PMLN support is very real this isnt MQM(even though MQM had decent support too)

opposition got more votes than PTI and opposition had a colaition govt in 2008 and an understanding afterwards ..

I would say that the opposition probably has more popular support than the government right now. This is both because of the electoral structure and failure of the government to deliver on its promises and improve the micro-economic conditions, for whatever reasons.

 

[The Maverick]

would be surprised and strange if this incompetence and mismanagement was not effecting your entire military..

I have always,believed how a nation runs it's domestic services,govt and economic institutions is a reflection of a mindset of your,race..

I don't see success or sustainability in any walk of life in pakistan be it sports . finance economy science or politics or international relations and diplomacy.

look at the most stable successful nations in the world. .they are solid from the ground up . western Europe Japan s Korea Russia China Israel Brazil.
I have never seen this in pakistan.

sustainability and clear growth plan in any sector seems non evident


certain people will.not like what I have concluded but the first part of improvement is acknowledgment

 

[Laozi]

As for cheap electricity people should act as grown up you asked for expensive power by voting for PMLN so why cry now????

In India Modi has heavily taxed petrol to bring in revenues for development

While Kejriwal in Delhi is heavily subsidising electricity and water for votes.

We Delhiets will re-elect Kejriwal as CM of Delhi

 

[313ghazi]

------------ and your current fav imaandaar govt has CONTINUED these capacity agreements ------------



tabdeeeli . .tick tock... tick tock



hey indian

your farmers are blocking the country ..


worry about them
Govt to bring circular debt to zero by Dec ’20: Omar Ayub

Govt to bring circular debt to zero by Dec ’20: Omar Ayub

Minister says crackdown on power theft launched, asks consumers to help identify thieves.

www.dawn.com

ISLAMABAD: The government is planning to recover Rs300 billion from electricity “defaulters and thieves”, besides providing Rs50bn additional subsidy to exempt consumers using up to 300 units from tariff increase required under the International Monetary Fund programme.

-----------------------


^^ a reminder

CD was supposed to be zero by dec2020

quiet the opposite happening



---------------

tabdeeli ---- tick tock . tick tock

Omar Ayub and govt have a question to answer.

would be surprised and strange if this incompetence and mismanagement was not effecting your entire military..

I have always,believed how a nation runs it's domestic services,govt and economic institutions is a reflection of a mindset of your,race..

I don't see success or sustainability in any walk of life in pakistan be it sports . finance economy science or politics or international relations and diplomacy.

look at the most stable successful nations in the world. .they are solid from the ground up . western Europe Japan s Korea Russia China Israel Brazil.
I have never seen this in pakistan.

sustainability and clear growth plan in any sector seems non evident


certain people will.not like what I have concluded but the first part of improvement is acknowledgment

How is Brazil successful? Or Russia for that matter? Most parts of it are in decay since the fall of the Soviet Union.

 

[TheSnakeEatingMarkhur]

The power sector is the foundation of an economy. Red alert: Pakistan’s power sector – sans government subsidies – is bankrupt. The real culprit behind this bankruptcy is: gross misgovernance. This gross misgovernance shows up as: circular debt and capacity payments (the two are indeed related).

Circular debt has risen from Rs1.1 trillion in 2018 to Rs2.4 trillion – and is projected to hit Rs4 trillion by 2025. Capacity payments – payments made for not utilising the installed power capacity – have gone up from Rs664 billion to Rs900 billion, and are projected to hit Rs1.5 trillion a year in the next couple of years. Imagine, capacity payments amount to 3 percent of Pakistan’s GDP. Lo and behold, circular debt is projected to hit a worrisome 8 percent of GDP.

Pakistan’s energy is both dirty and expensive – and the government is bent upon adding more of the same. The culprits behind dirty energy are the coal-fired plants. And the two culprits behind expensive energy are: the government’s failure to stop theft and the expensive Power Purchase Agreements (PPAs) with the Independent Power Producers (IPPs).

Pakistan’s energy is not only dirty and expensive but we have too much of it too. For the record, current summertime and wintertime peak demand hovers around 25,000MW and 12,000MW, respectively. What we have – installed as well as in the pipeline – is 38,000MW. There are two problems with the installed capacity. One, the current transmission and distribution infrastructure cannot transmit and distribute 38,000MW. Two, the economy that was growing by 5.8 percent in 2018 has gone into a nose-dive.

Some energy projects under CPEC are quite expensive. Of the 10,000MW capacity under CPEC 65 percent is coal-fired. Currently, Pakistan’s obligations under capacity payments to Chinese financed energy projects stand at around Rs400 billion a year, every year. Lo and behold, in the next couple of years this amount will go up to Rs800 billion a year, every year.

Pakistan’s policy framers have just blundered through a coal-heavy power expansion whereby 64 percent of our electricity is now from fossil fuels, 27 percent hydropower, 5 percent nuclear and only 4 percent from solar and wind. The good news is that Pakistan has shelved two coal power plants.

Reform or regress. To be sure, the government of Pakistan has almost no capacity to reform. The two tools that the government seems to possess are: subsidies and one tariff increase after another. Over the past decade or so, the government has doled out more than a trillion rupees in subsidies and an additional half a trillion to K-Electric. The power sector is bankrupt – sans government subsidies. Yes, we have a national Electric Vehicle (EV) policy to reduce the impact of climate change but 64 percent of our electricity is from fossil fuels.

Pakistan’s power sector is dirty, expensive and bankrupt. Imagine trying to build an economy on a foundation that is bankrupt. We urgently need a paradigm shift. We urgently need a brand new model. The ‘single buyer’ model has failed-failed miserably. We need a more competitive model. To be certain, Pakistan’s power sector will make or break Pakistan’s economy. Red alert: A bankrupt power sector will, sooner or later, lead Pakistan into a default.



The writer is a columnist based in Islamabad.

Email: farrukh15@hotmail.com Twitter: @saleemfarrukh

Bankrupt power

The power sector is the foundation of an economy. Red alert: Pakistan’s power sector – sans government subsidies – is bankrupt. The real culprit behind this bankruptcy is: gross...

www.thenews.com.pk

2.5 years of PTI

nothing done to alleviate this issue



as of today, capacity payment tarriffs stand .


change my mind .

It truly is as no power sector I believe gets subsidies for capacity... aap kitni bijli peda kar sakte hain iska hume ghanta faraq parta he ? We should pay them for production ta k jitni peda kare utni ka pesa mile..

Secondly our country needs a new transmission line system on smaller scale..

And you should be happy k Khan is removing few of subsidies from IPP sector.

 

[Dalit]

Listen dorky I support our farmers and hate modi and bjp so stop bsing. Our leaders may have committed some mistakes but most of them were visionary and able administrators be it Nehru, Shashtri, Indira, Rajeev, Rao, Manmohan or Atal but yours one have been totally nutjobs and that's the truth.

PML-Narendra is here.

would be surprised and strange if this incompetence and mismanagement was not effecting your entire military..

I have always,believed how a nation runs it's domestic services,govt and economic institutions is a reflection of a mindset of your,race..

I don't see success or sustainability in any walk of life in pakistan be it sports . finance economy science or politics or international relations and diplomacy.

look at the most stable successful nations in the world. .they are solid from the ground up . western Europe Japan s Korea Russia China Israel Brazil.
I have never seen this in pakistan.

sustainability and clear growth plan in any sector seems non evident


certain people will.not like what I have concluded but the first part of improvement is acknowledgment

LOL Slumdog India is here to lecture us about mindset and success.

Ask your daddy America who has to beg Pakistan to abandon CPEC on your behalf.

 

[TheSnakeEatingMarkhur]

------------ and your current fav imaandaar govt has CONTINUED these capacity agreements ------------



tabdeeeli . .tick tock... tick tock



hey indian

your farmers are blocking the country ..


worry about them
Govt to bring circular debt to zero by Dec ’20: Omar Ayub

Govt to bring circular debt to zero by Dec ’20: Omar Ayub

Minister says crackdown on power theft launched, asks consumers to help identify thieves.

www.dawn.com

ISLAMABAD: The government is planning to recover Rs300 billion from electricity “defaulters and thieves”, besides providing Rs50bn additional subsidy to exempt consumers using up to 300 units from tariff increase required under the International Monetary Fund programme.

-----------------------


^^ a reminder

CD was supposed to be zero by dec2020

quiet the opposite happening



---------------

tabdeeli ---- tick tock . tick tock

Hazrat PTI no other option to continue as couldn't just terminate the contracts.. and PTI negotiated and brought prices a bit down.

And I have heard yesterday that 80 Tax Examptions are being taken off which include Examptions to IPPs too.

 

[Dalit]

Omar Ayub and govt have a question to answer.


How is Brazil successful? Or Russia for that matter? Most parts of it are in decay since the fall of the Soviet Union.

The Indian fool is trying to play it safe. Try to understand. He hasn't mentioned his beloved India in the list of "successful" nations because that would obviously make him look weak and pathetic. Instead he opted for some irrelevant options he could think on the top of his head. Indian chutiyas.

 

[TheSnakeEatingMarkhur]

oaey youthiye phd in economics


answer this ..

-------------


Govt to bring circular debt to zero by Dec ’20: Omar Ayub

Govt to bring circular debt to zero by Dec ’20: Omar Ayub

Minister says crackdown on power theft launched, asks consumers to help identify thieves.

www.dawn.com

Langauge jnaab Language

Again these statements were from pre covid era.. baaki IPPs se contracts you*thio k abbu ne nai p*twario k abbu ne kiye they.. and contracts ko terminate nai kia ja sakta reqo diq to yaad ee hoga..

Yaha is forum pe ee one person told me k Nawaz was told that Coal power plants will produce "Mehngi Bijli in long term" what nawaz replied was "hame long term ka nai dekhna hame plant election se pehle chaiye agar agli baari aye to woh sab dekha jaye ga na aye to agli hakoomat jane" with a smirk on his face..

Our politicians need to think in long term instead of leaving problems for eachother..

At the behest of that spendthrift organization, ISI. It really loves to waste Turkey's money, doesn't it? @Areesh @xeuss @jamahir @AfrazulMandal

- PRTP GWD

G G ISI ki Saaajish he

 

[The Maverick]

The Indian fool is trying to play it safe. Try to understand. He hasn't mentioned his beloved India in the list of "successful" nations because that would obviously make him look weak and pathetic. Instead he opted for some irrelevant options he could think on the top of his head. Indian chutiyas.

Brazil.is,successful.relative to 90 percent of the world
very large,GDP
decent per capita income
best football team on planet
good balanced politics
relatively stable politics
and the overall the biggest most powerful.nation in South America a

their living standards,as,while are higher than all.south Asians.. just a,fact