Islamabad think tank CRSS report identifies obsolete, inefficient power plants as key contributors to Pakistan's circular debt crisis.
A recent report by an Islamabad-based think tank, CRSS, indicates that obsolete and inefficient power plants are major contributors to Pakistan's circular debt crisis. The study, compiled by Engineer Arshad Abbasi, highlights the under-utilisation of efficient power plants and continued payments to inefficient, outdated ones as central issues in Pakistan's energy sector circular debt. This situation, coupled with high capacity payments and lack of retirement policies for obsolete plants, has trapped the country in a cycle of debt and decay, as reported by Dawn.
May 16, 2024
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