Pakistan's IPPs issue results in inadequate electricity production and high costs due to flawed contracts.

The "IPPs Fiasco" in Pakistan highlights issues with Independent Power Producers (IPPs), who receive substantial payments from the government without generating adequate electricity due to flawed contracts. These privately-owned entities overcharge for services, relying on imported fuels, leading to high electricity costs. The government struggles to invest in other sectors due to financial burdens from IPPs. Experts recommend reviewing contracts to mitigate costs and improve accountability.

September 22, 2024
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