Why the government has appointed an IPP tycoon, Nadeem Babar, as Chairman Task Force on Energy Reforms

MHAMZA

Minister (2k+ posts)
This is way back in Sep 2018
The government has appointed an IPP tycoon, Nadeem Babar, as Chairman Task Force on Energy Reforms. The committee also comprises Ashfaq Mehmood, former federal secretary (member), Akbar Ayub, former MD, Pakhtunkhwa Energy Development Organization (PEDO) and a close friend of Finance Minister, Asad Umar, Saheryar Lodhi - member, Shahid Than, MD, KUFPEC, co-opted member, Mansoor Ghayyur, Manager UEP, co-opted member, Secretary Petroleum, Member and Secretary Power, member.

Nadeem Babar holds an MS degree in civil engineering management.
Nadeem Babar is an important member of IPPs Advisory Council set-up by the IPPs as a lobbying entity. He was also part of the team which negotiated the release of un-audited Rs 480 billion to the IPPs in 2013 (an issue under investigation by NAB after the un-pardonable delay of five years).

Source: https://fp.brecorder.com/2018/09/20180918408556/

Imran Khan entrusted Jahangir Khan Tareen to select the team for a task force and he, instead, has chosen Nadeem Babar and his assistant, Ashfaq Mahmoud, former federal secretary for it.
In Naya Pakistan, we have been expecting a new era of transparency and accountability, but unfortunately, Imran Khan, appointed Mr. Nadeem Babar, Owner of Orient Power, CEO ofSaba Power, Owner Oursun Pakistan Limited’s 50 MW Solar PV Power Plant and the Chairman for IPPs Association (IPPA – Independent Power Producers Association
He is also the mastermind behind 1200 Billion Rupees circular debt and behind the mafia controlling power sector of Pakistan.

Duriing PML-N Governament As member of the Chief Minister’s Economic Advisory Council in Punjab, he guided Shahbaz on making money out of the Quaid-e-Azam Solar Power Park Project and Sahiwal Coal Power Project. NB’s ill-considered advice to the Sharifs led to a great increase in the EPC cost of these projects. Resultantly, CEOs of both these projects are under the investigation of NAB.
Nadeem Babar was also the Director for Lahore Waste Management Company Ltd which was caught by NAB. Yet thanks to his connections, he was released same day. This shows how far reaching his influence is.
At the national level, he was also on very close terms with Nawaz Sharif and part of the Prime Minister’s Advisory Committee on Power Sector Reforms. The reforms he has introduced have resulted in a huge circular debt and high cost of electricity but the most pertinent thing to mention here is that in the process he has minted billions from the ministry using his influence.
Principally, Nadeem Babar is not eligible for this task, as he is the Owner of Orient Power, Saba Power and Oursun Pakistan Limited-50 MW Solar PV Power Plant. He secured high tariff for these power plants thanks to his connections in the Ministry of Energy and NEPRA.
This is a sad state of affairs. While all over the world, tariff of Solar is hovering around 3 to 4 US cents ($0.04), Nadeem Babar has managed 132 US cents ($1.32) for his 50 MW Solar PV Power Plant (Oursun Pakistan Limited). His company ORIENT OPERATING COMPANY PRIVATE LIMITED also a joint venture partner in oil and gas consortium comprising of the partners as follows: Check this link http://www.orientpower.com.pk/oocpl profile.pdf
I. Pyramid Pakistan Petroleum Inc.
II. Orient Operating Company Private Limited
III. RDC International Private Limited
IV. Nativus Resource Limited
V. Paige Limited
His business in petroleum sector motived, Jahangir Tareen to start sitting oil refineries In Pakistan with partnership is another motive to appoint him chairman Task Force.
NB’s core skill is manipulation along with document forging to get abnormally high Cost O&M Insurance, Return on Equity and Debt Servicing in order to justify high tariffs for his power plants
.
Nadeem Babar is the founder and Chairman Independent Power Producers Advisory Association (IPPA). Through his shrewdness, he manages to mint money for IPPs using innovative means. His latest weapon in this regard is fetching money using the London Court of International Arbitration (that is LCIA capacity payments, including interest costs without generating a single unit of electricity from his two power plants). He won the cases because he placed his cronies at the Central Power Purchasing Agency (CPPA-G) and National Transmission and Dispatch Company (“NTDC”). Mr. Abid Latif Lodhi, CEP -CPPA-G, Dr. Khaqan Hassan Najeeb, Mr. Zafar Abbas and Mr. Muhammad Zargham Eshaq Khan are amongst his team members and serve his purpose while he protects them from FIA or NAB.
To substantiate these assertions, note the latest posting of Mr. Zafar Abbas. He remained CEO of various Power sector entities, while serving as JS at ministry. He was posted as MD, NTDC while ignoring all rules for two years for hefty tariffs for two power projects of JDW Group-one 26.6 MW power plant, and another 26.8 MW plant at JDW Unit-III, District Ghotki, and Sindh. Both power plants are owned by Tareen.
The fuel component for these bagasse based power plants alone is more than PKR 6.5 per unit. Moreover, even more deplorable is the fact that all these bagasse based power plants have been placed under the category of renewable which is totally unprecedented in the ecosystem of energy landscape.
One month ago, when Zafar Abbas was sacked on the recommendations of NAB, Nadeem Babar again put him on the same seat using his influence and connections.
These are hard facts and can be checked from the ministry of energy, but nobody can challenge Nadeem Babar because of his heavy influence in Pakistan’s elite institutions.
The aforementioned facts establish that Tareen is committed to recover his investment in the recent Election using the underhanded skills of Nadeem Babar. The Honorable Chief Justice is therefore requested to take a Suo Motu notice of this and order the Prime Minister of Pakistan to remove Nadeem Baber as well as direct NAB to start investigations against Nadeem Babar and recover illegal capacity payment made to his power plants and other IPPs, Including recovery from him and other recipient IPPs, which have received these over and unjustified.
 
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mhafeez

Chief Minister (5k+ posts)
MHAMZA
I completely agree with you. For this Pakistan must select a singer instead of expert? Especially a failed singer who is in Gyne ward should be better choice.

جب میاں منشا کو ایک دو دفعہ انرجی معاملات پر ایکسپرٹ ایڈوائس کیلئے بلایا گیا تھا تب تو بڑا شور مچایا تھا ، اسی طرح خواجہ آصف کے کسی پاور پلانٹ میں چند سو شیر نکل آئے تھے تو تب بھی کانفلیکٹ آف انٹرسٹ کا بڑا شور مچایا گیا تھا تب کسی کو ایکسپرٹ یاد نہیں آیا تھا
 

wadaich

Prime Minister (20k+ posts)
MHAMZA
I completely agree with you. For this Pakistan must select a singer instead of expert? Especially a failed singer who is in Gyne ward should be better choice.

Though I accord with, pleas check if Modi's baby carried by him will be safe? Otherwise, there will be another blame.
 

Okara

Chief Minister (5k+ posts)
جب میاں منشا کو ایک دو دفعہ انرجی معاملات پر ایکسپرٹ ایڈوائس کیلئے بلایا گیا تھا تب تو بڑا شور مچایا تھا ، اسی طرح خواجہ آصف کے کسی پاور پلانٹ میں چند سو شیر نکل آئے تھے تو تب بھی کانفلیکٹ آف انٹرسٹ کا بڑا شور مچایا گیا تھا تب کسی کو ایکسپرٹ یاد نہیں آیا تھا
Who gave MCB to Mian Mansha despite he never participated in bidding?
 

MHAMZA

Minister (2k+ posts)
This is a sad state of affairs ... the IPPs are a drain on our economy and have made profits at the cost of country's economy ... we have to replace them with renewal energy plants .. the sooner we do it the sooner we will be able to impact the economy positively.
Nadeem Baber seems to be the last person who can take steps in favor our our national interest as compared to his own personal interests !!
 
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