2010-2020: Pakistan's Lost Decade

[niaz]

@niaz

Niaz sb,

Thanks for your inputs.

As a matter of fact, I am myself professionally connected with the Indian power sector and many of the things you say sounds a case of deja vu.

India too had a similar number of oil fired plants set up in the 1990s. Mercifully, they didn't create havoc for two reasons. One, in terms of sheer percentages they were dwarfed by coal fired capacities. Second, most of these oil fired plants had a power purchase agreement (PPA) of 15 years. They produced power till about 2005 when oil prices were reasonable and by mid 2010s, the PPAs had expired and they were shut down and stopped draining the discoms any more.

Now, I have a Q for you. Do Pak's oil fired plants have fixed tenure PPAs or the govt has to pay them capacity charges till Judgement Day?

Regards

Regret to advise that I don't have this info. All I know that PMNL Gov't canceled the HUBCO contract in 1998 for charging too much and won the subsequent legal battle by HUBCO in 2000. Hubco offered buy-out to GOP for PK Rs 65-billion in 2020. I am retired for the last 10 years, I am not up to date with the current situation in Pakistan's power sector; my info only comes from press reports.

 

[SoulSpokesman]

@niaz

Niaz sb,

I am retired for the last 10 years,

It is really surprising that the Pak corporate sector allows a talent like you to stay retired.

Regards

 

[Abid123]

Musharaf had a golden opportunity to do so much for the country. Yet, when Bush phoned to say “either you are with us or against us”; he peed his pants and sided with the USA. What did a Pakistan gain? Rampant terrorism. I personally believe he should be tried for treason.

 

[RiazHaq]

#PMLN leaders now claim that they did nothing wrong and are blameless for #Pakistan’s #economic woes. I suggest to them that they watch @MiftahIsmail explain @MIshaqDar50’s missteps in keeping PKR overvalued leading to low #exports & BoP crisis #PTI faced

 

[Mohamed Bin Tughlaq]

Pakistan haven't lost this decade from a military point of view it has gone from a strength to strength and made big leap towards the future.. I don't care about the remaining.. As long Pakistan keeps doing this military growth I will see that as success