Our Announcements
Sorry, but you are looking for something that isn't here.
Posted by admin in POWER SCAM BY NAWAZ SHARIF GOVERNMENT on October 6th, 2013
A TEAR DROP FOR PAKISTAN’S STATE OF AFFAIRS
COMMENTS
BY
A.KHAN,
A PAKISTANI WITH LOVE FOR HIS HOMELAND
CONTRIBUTOR
PAKISTAN THINK TANK
Tycoon supports plan for privatisation
PML(N) DAKOO OUT TO LOOT ONCE AGAIN.
WANTS SOMETHING MORE
THAN MCB
Dont Expose them, otherwise
Warns media groups of consequences, if they did not stop exposing him.
NAWAZ SHARIF AND HIS KASHMIRI BIRADARI HAVE GRABBED ALL SECTORS OF PAKISTAN’S ECONOMY TO MAKE A QUICK BUCK & THEN RUN TO DUBAI, LONDON, OR USA
Pakistan has brilliant Electrical and Hydel Engineers, both at home and abroad, but Nawaz Sharif and his Kashmiri coterie could only find
Mussadak Malik, an unemployed Pharmacist, from Boston, Massachusets, as Advisor on Hydel and Energy Sector. This man has a degree in Pharmacy from a relatively third rate US Pharmacy School. But, he has one brilliant quality. He has a silver tongue. He can charm a snake just by talking. But, as far as substance goes, he is essentially zero in substantive knowledge. He is extremely clever. He listens to experts. He memorizes their profession jargon. And, delivers it to powerful in a song and dance alecture on the the subject, whose lingo, he learns by rote.
He is classic example of “Andhon mien, Kharaan Raja.
Among Nawaz Sharif and his Gaggle of dunces, Mussadak Malik stands out as truly a Maestro.
But, as President Abraham Lincoln said,
You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.
“If media didn’t start acting responsibly, I would also have to think of breaking into this territory,” Mian Mansha
NASIR JAMAL
Published
2013-10-05 07:03:07
LAHORE, Oct 4: Mian Mohammad Mansha on Friday renewed his call for privatising the public sector enterprises (PSEs), in general, and power generation and distribution companies, in particular, “rationalising” energy and fuel prices, and cutting the size of the government to pull the economy out of its troubles.
He rejected the view that hydel power generation was cheap.
He challenged the claim that electricity produced from the proposed Bhasha Dam would cost just 16 paisa per unit.
“It will not cost less than Rs9-10. I am not against construction of dams or hydel power. But some people are deliberately misguiding the nation on the issue of cost of hydel power.”
Mian Mansha, who also has a big stake in power generation and advised Prime Minister Nawaz Sharif and his economic team on its energy policy,
was unhappy over allegations in the media
that his power companies had benefited the most from government’s decision to pay unpaid bills of the power sector.
He was quite critical of what he called as irresponsible reporting and commentary (on the economic issues and against his businesses) by the media, wondering as to who would want to invest in such circumstances.
He said the uncalled for criticism was forcing business groups to start venturing into the media industry as an “insurance policy” (against hostile comments against them).
“Don’t force us to do this. Let us do our job,” he said, frustratingly.
“If media didn’t start acting responsibly, I would also have to think of breaking into this territory,” he said.
He also accused a Provincial government (Sindh) of working against the Thar Coal Power project.
Archive Article
MIAN MANSHA & PML (N) TO PRIVATISE WATER & POWER DEVELOPMENT IN PAKISTAN:US PHARMACIST MUSSADAK MALIK NOW GURU IN POWER/HYDEL SECTOR
posted by Shahram Ali | July 28, 2013 | In Newspaper Articles
A MAN FOR ALL SEASONS
THE SILVER TONGUED BUL-BUL WHO IS FEEDING BULL TO EVERY PAKISTAN GOVERNMENT
DOES NOT DISCRIMINATE BETWEEN MILITARY OR CIVILIAN DICTATORS LIKE MUSHARRAF OR NAWAZ SHARIF. HE ENDS-UP AS AN ADVISOR TO EVERY GOVERNMENT IN PAKISTAN
DUAL US & PAKISTAN NATIONALITY HOLDER RUNS THE POWER & ENERGY SECTOR
A letter about the energy policy, blaming a gang of four for what is described as a con operation, had the parliamentary corridors on fire.
The thrust of the letter was that the IPPs are being paid in the name of clearing circular debt as part of a larger conspiracy. It questions the credentials of the people who are involved in the energy policy and alleges this to be a clear case of conflict of interest. The quartet is named as Mian Mohammad Mansha, his nephew Shahzad Saleem, Nadeem Babar and Saqib Shirazi of the Atlas Group.
The key players, according to the anonymous letter, are IPP power plant owners—mainly Sapphire Power, Liberty Power (Mukati Group of Karachi) and, among others, Said Power. The hired henchmen for them are Abdullah Yousaf (Chairman of IPPs Association—IPPAC), Mussadaq Malik (Special Assistant to the PM and Minister of Water and Power) and Shahid Sattar (Planning Commission official).
It gives profiles of all of them, which raises a number of questions about them but Sheeshnag keeps it for the moment and only mentions the profile of one—Mussadaq Malik.
He is described as somebody who gets in every government from Musharraf to the Interim government and is now part of the PML (N). He is a pharmacist who first emerged as the expert of development in Nasim Ashraf’s National Commission of the Human Development. Now he comes as the biggest energy expert that this country ever saw. Most people remember him as the Jamiat’s goon from FC College in Lahore. He was recommended by Syed Babar Ali to Nawaz Sharif to which Mian Sahb readily agreed—such being the mutual back-scratching arrangement among the tycoons. It is yet to be seen what Syed Babar Ali, otherwise a rare respected tycoon, saw in this pharmacist-turned-developer-
The letter explains in detail the energy policy of 1994 and 2002 and concludes that “the project costs, operational expenses, debt repayments and return on equity is covered under the Capacity Purchase Price (CPP) invoice and the fuel cost is covered under the Energy Purchase Price (EPP). Both investors are forwarded separately by companies to NTDC/WAPDA.”
The letter gives a long detail of what it alleges to be a scam. In short, it says, “the 1994 Power Policy IPPs (total 14) continue to skim and make illegal profits on the fuel (both liquid and gas fired plants) by lying about their heat rebates (plant efficiency). Such profits are conservatively estimated to be four to five per cent. Due to delays and tariff deals, they lost the remaining cushion/padding, yet have made fabulous returns.”
“The 2002 Power Policy IPPs (total 13) over invoiced the initial project setting up cost and continue to skim and make illegal profits on operational expenses and heat rate (fuel consumption). They skim money at three levels (excluding the original project cost)—operational expense, over invoiced fuel and kickbacks from OMCs.”
The letter alleges that annual returns are in the range of 35 percent to 40 percent. “Inclusive of original project cost—a payback period of two years. Not bad.”
The letter asks some questions:
Why did the PM-designate visit Mansha’s Raiwind farm for a briefing on circular debts and energy issues? Considering that Mansha is the leader of the nine IUPPs who have invoked Government of Pakistan guarantee and is in the Supreme Court, to say the least, was it not embarrassing?
Mansha and Nadeem Babar are in the energy task force. Guess what—their key recommendation—pay IPPs. Isn’t this a conflict of interest?
Munir Malik was the lawyer of IPPs. How will he defend the case of the State as Attorney General against them?
Why did PPIB and NEPRA approve without background the checking the efficiency of diesel gensets installed at the Mansha and Atlas plants and indeed the efficiency/heat rate of all power plants set up under 2002 power policy?
Is it true that the government is giving Muzaffargarh power plant to Mansha? If so, why not bid it first?
Why doesn’t the government adjust the “stolen amounts” and then the tariff formula?
It suggests that the government should ask the IPPs to share the burden with the masses. “The full adjustment should be made in six to eight quarterly payments. This will save the government Rs 200 billion as equity for starting the mid-term programme of setting up coal fired projects. Assuming a 70/30 debt equity ratio, as used by the IPPs, the government can set up thousand MWs of power generation in next three years.”
Now, all of this seems to come from another lobby, which definitely has an interest. But they do have a point that needs to be studied. Otherwise, they have sent it to the SC for taking it up. God save us.
Source:
© 2024, All Rights Reserved by Pakistan Think Tank.
