Pakistan asks Chinese IPPs to switch from importing coal to using Thar coal, potentially saving billions in imports and reducing electricity prices.

Pakistan's government will ask Chinese IPPs to switch from importing coal to using cheaper Thar coal. This move could save Pakistan Rs200 billion annually in imports, reduce electricity prices by up to Rs2.5 per unit, and ease pressure on foreign exchange reserves. The transition aligns with structural reforms suggested by the IMF, aiming to reduce the power sector's accumulated debt.

July 21, 2024
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