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PPP Chronicles: The Nandipur Power Project Debacle
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Ever seen a power plant that worked for just five days? Welcome to Nandipur. ​ With all my respects and ingenuity… The Nandipur Power Project in Pakistan was a masterclass in how not to execute a PPP: ​ No Business Plan, no roadmap. The destiny: chaos from the get-go. Unrealistic Risk Transfers: Risks were offloaded onto parties ill-equipped to handle them, setting the stage for failure. How could nobody think about this? Crazy. Land Not Available: Of course… Delays in land acquisition. How typical. Result: stalled progress, significant cost overruns and you know what happens next. Absence of Legal Framework or Contract. Saving a few bucks in lawyers seems a good idea, until the disputes arise. ​ The result? Termination of the contract in 2012. Renegotiations in 2013. After a delayed and over-budget construction, inaugurated in 2014. But… the plant operated for only five days before shutting down due to technical failures and fuel issues. Only fully operational almost a year later. Never provided what was promised. In financial trouble since. ​ Subsequent audits revealed massive inefficiencies and mismanagement, and other beauties, turning the project into a cautionary tale for PPPs worldwide. ​ So, remember this. ​ PPPs can be powerful tools for infrastructure development, but only when grounded in solid planning, public support, realistic risk assessment, and robust legal frameworks. ​ The Nandipur debacle serves as a stark reminder of what happens when these elements are neglected. ​ Other stories can be found below... take a look. They can save you lots of millions and even more embarrassment.
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Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | C-Suite Executive | Mentor, Coach, Strategic Consultant | Real Estate Investor | 👇JOIN +2k readers 👇
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