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Reading: Chiniot Power’s Capacity Charges Raise Accountability Concerns
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Chiniot Power Capacity Payment
PhotoNews Pakistan > Pakistan > Chiniot Power’s Capacity Charges Raise Accountability Concerns
Pakistan

Chiniot Power’s Capacity Charges Raise Accountability Concerns

Web Desk
By Web Desk Published July 22, 2024 1 Min Read
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Chiniot Power. Photo Credits: Sharif Group
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Recent disclosures have shed light on the entities within the Independent Power Producers (IPPs) sector that are receiving payments from the government without generating electricity. These details highlight both the owners of these companies and the substantial amounts being withdrawn from the national treasury.

Former caretaker minister Gohar Ejaz recently shared insights into the financial transactions involving IPPs. His revelations included detailed information on the companies, their owners, and the associated financial transactions.

سابق نگران وفاقی وزیر گوہر اعجاز نے رواں برس کے 3 ماہ میں کپیسٹی پیمنٹس کی مد میں450ارب لینے والے جن IPPs کی فہرست شئیر کی ہے ان میں فوجی فاؤنڈیشن کا قائم کردہ "فوجی کبیر والا پاور کمپنی لمیٹڈ" بھی شامل ہے، جسے 3 ماہ صفر فیصد کپیسٹی کے ساتھ 56 کروڑ سے زائد کی ادائیگی ہوئی ہے pic.twitter.com/VANvrUzlSg

— Kismat Khan (@KismatZimri) July 21, 2024

Among the IPPs, Fauji Kabirwala Power Company Limited, established under the Fauji Foundation, was highlighted for receiving over PKR 560 million over three months despite operating at zero per cent capacity.

آئی پی پیز کی ملکیت رکھنے والے 40 بڑے خاندان جو آج پاکستان کے حکمران
پاکستان میں بجلی کی ٹوٹل کھپت 22ہزار میگا واٹ اور پروڈکشن 43ہزار میگاواٹ
سلمان شہباز شریف سب سے بڑا بینیفیشری
چنیوٹ ، رحیم یار خان سمیت آئی پی پیز کے مالک پاکستانی سیاستدان #Publicopinion #Peerjunaidlive… pic.twitter.com/hcDgiEU21r

— پیر جنید 🇵🇰 (@peer_hun_yar) July 21, 2024

Additionally, Chiniot Power Limited, owned by Suleman Shehbaz, son of Prime Minister Shehbaz Sharif, was noted for its financial transactions based on capacity charges.

In January 2024, it received PKR 307 million for 63% capacity; in February, PKR 231 million for 65% capacity; and in March, PKR 99.9 million for just 27% capacity. These figures illustrate the significant financial implications and the ongoing concerns regarding accountability and efficiency within the IPP sector.

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