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Tuesday, September 9, 2014

Corruption Nawaz Sharif & Sons

WHY HUSSAIN NAWAZ,SALMAN SHABAZ WENT TO CHINA? MAHARAJAS THEFT

So Now, with NO BIDDING involved, Government will award contracts
with a construction Cost of $ 1.7 Million per Mega Watt and hence
2/3rd of it will go into pockets of all the people involved

This also explains why “Hussain Nawaz” and “Salman Shahbaz” (who look
after family business and have no apparent involvement in Politics)
were not only part of state delegation but were also part of meetings
that discussed and finalized these MOUs

This does not end here, NEPRA has also revised the ‘Rate of Return’
on investment from 17% to 27% (an unprecedented step) for these
projects.

And Not surprisingly, first company to announce a Coal based Power
project under this program is owned by Mian Mansha _

So Now, be ready for country to be burdened further by $34 Billion
Loan and a higher Electricity tariff…

GRAND THEFT is supposed to begin soon.

The $34 Billion investment from China that they keep parroting about
isn't actually an investment, it’s a LOAN

This LOAN carries a FEE/INTEREST RATE of 7% whereas the project loans
Pakistan gets from ADB/WB etc are usually at a rate of 2-4%

To avail this LOAN, the condition is that there will be NO BIDDING
for the project and Government will award contracts directly to
Chinese companies (or companies that will utilize Chinese equipment
and contractors)

For this to happen, Government is amending Procurement rules since
currently it’s not possible to award such contracts without BIDDING

Procurement rules amendment will allow Government to SET THE PRICE
ITSELF for a certain type of work and award direct contract to any
company without any bidding involved

Most of this Loan will be utilized for Coal based Power Projects for
which Government has already filed a “Tariff Review Petition” in NEPRA
headed by Khawaja Naeem – a close Relative of Khawaja Asif
Despite the fact that this “Tariff review petition” was not
maintainable since it was filed a year after review period expired,
NEPRA has accepted the petition and on Government’s request and has
approved New escalated Upfront Tariffs for Coal based Power Projects
Government has requested (and NEPRA approved) to allow $1.7 Million
Dollar per Mega Watt construction cost for such projects whereas India
has recently built a better and more efficient (than approved by
NEPRA) Coal based power plant at a cost of $ 0.55 Million Dollar per
Mega Watt

So Now, with NO BIDDING involved, Government will award contracts
with a construction Cost of $ 1.7 Million per Mega Watt and hence
2/3rd of it will go into pockets of all the people involved

This also explains why “Hussain Nawaz” and “Salman Shahbaz” (who look
after family business and have no apparent involvement in Politics)
were not only part of state delegation but were also part of meetings
that discussed and finalized these MOUs

This does not end here, NEPRA has also revised the ‘Rate of Return’
on investment from 17% to 27% (an unprecedented step) for these
projects.

And Not surprisingly, first company to announce a Coal based Power
project under this program is owned by Mian Mansha _

So Now, be ready for country to be burdened further by $34 Billion
Loan and a higher Electricity tariff…

If everything goes as planned, at the end of the day “Some” will have
their pockets heavier by 10-15 Billion Dollars or more….

On Transparency International website, letter written to Ministry of
Water and Power reg this is available

Who went on China visit and was part of meetings is widely reported in Media

Sources are NEPRA, Transparency International, and DAWN/THE NEWS

Also Nishat Energy is the company that announced to build Coal based
plants with Chinese 'Investment'

On NEPRA website, one can find Govt's petition and NEPRA announcement
document for Upfront Coal Tariff
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You and 12 others like this.
Muhammad Sohail Akram
They aren't doing this for the first time. It's time to wake up and fight for our basic rights.

Junaid Alam
I have negotiated and signed many Billion dollar projects funded by WB/AsDB/AIDB/IFC + ECAS and private Banks in Asia and Latin America . These were infrastructure projects in various sectors. My firm used to act as over all project manager charging fees from $5 to $100 Million * depending upon the size and complexity of the project. Many times we got the project management on sole source basis without going for bidding. Reasons ,my company knew the project and country well and has the required expertise, World bank knew about our work and needed somebody in a hurry to start the project, Bidding would delay the project start. World Bank and client trusted us from previous work. Many times the LOWEST priced firm is not the best. So negotiated or sole sourced contracts within the parameters of accepted international cost are legal and ethical