Pakistan has started getting worrying messages from other foreign governments over recent “one-sided” deals with Independent Power Producers (IPPs).
The German government, particularly, has voiced reservations about the Negotiated Settlement Agreement (NSA) reached with Rousch Power Project Limited (RPPL), reported Business Recorder.
Under the NSA, RPPL is set to transfer its energy complex to Pakistan for a nominal sum, payable in local currency. The agreement stipulates that the government will pay the company Rs. 5.5 billion for early termination of its operations during the Out-of-Market Expenses (OFME) period and Rs. 2.8 billion to maintain the facility until it is officially transferred.
German official Georg Klussmann, Head of Division for Pakistan at Germany’s Federal Foreign Office, has communicated with Pakistan’s embassy in Germany that his government finds the NSA concerning. According to Klussmann, a shareholder in RPPL (Siemens) doesn’t like the current settlement with foreign investors while there is room for further negotiations to reach a mutually agreeable resolution.
Germany has warned that the prolonged nature of these negotiations could impact future bilateral relations and erode the trust of German businesses and investors in Pakistan.
Pakistan’s Charge d’Affaires in Berlin has urged continued engagement with German officials to explore an amicable solution.
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Does Pakistan interfere in other countries’ affairs? Foreign governments mind their own business. IPPs are eating up Pakistan’s as well as people’s resources.
Pakistan does not have the guts to interfer in other affairs. sirf apny awam k kiey sher banny hain.
IPP are not looting money 30% bill is tax on electricity if govt even removed that people get relief.
Contracts with all IPPs should come to an ended at once. They all should be fined heavelly since the day they have entered into contract with Pakistan. The fine should be in dollors as we are paying them in dollors. The fine should be equal to the number of Mega Whatts they ought to produce from the day these IPP are installed multiply the rates agreed to with appreciation price for each year and hike in oil prices accordingly. bla bla bla….. This will help to recover all the losses and the fincial impact it had on the public and the country. The same amount recovered should be compensated to the poor pakistani masses in bill rebates.
All those who are against IPP want investment out of Pakistan. these foreign IPP are our last hope we should not make them unhappy.