Energy Minister Awais Leghari announced significant reforms aimed at modernizing Pakistan’s energy sector, including the operationalization of an energy exchange platform. This move is designed to allow power plants to sell electricity directly to buyers, potentially reducing reliance on the national grid and addressing current challenges like high electricity prices and extensive circular debt. Speaking to the Senate Standing Committee …
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Nationalizing IPPs: A Misguided Solution to Pakistan’s Power Crisis
The rising cost of electricity for industrial, commercial, and residential consumers is putting increasing pressure on the Pakistani government to take action. A prominent suggestion emerging from public debates is the nationalization of Independent Power Producers (IPPs), a move echoing past socialist policies. Understanding the Current Power Sector Currently, the installed power generation capacity in Pakistan is split equally between …
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