Re: Nandipur Project- An epic of courage and determination
Jaldi ka kaam shaitan ka.
I hope these chinese funded coal plants are investigated by the PAC, and fully scrutinized, But then again, the very reason these projects are rushed through by the Sharifs is in order to avoid scrutiny. What they have refused to divulge to the public is that the investors of these coal plants (supposedly chinese) will be paid a 24% return on their dollar investment if they use imported coal, and 30% if they use thar coal. Thar coal is a long shot for now, so it will be imported coal for now, which will net the investors a guaranteed 24% based on operational capacity, not based on generation.
And to think that PMLN took PPP to court over the 15% that they committed to the IPPs back in 1995.
What is likely to happen is that black money will make its way out of Pakistan through hawala, and then make its way back into Pakistan, disguised as ‘foreign investment’. Where else will they get a guaranteed 24%.
And at that point, a Rs.500 billion circular debt will feel like a blessing.