September 3, 2020 Read More →

Pakistan power plan likely to prove boon only to stranded assets

Pro Pakistani:

Institute for Energy Economics and Financial Analysis (IEEFA) has raised objections over the 27-year Indicative Generation Capacity Expansion Plan (IGCEP 2020-2047) prepared by the National Transmission and Despatch Company (NTDC).

IEEFA has declared the IGCEP 2020-2047 as contradictory to the government’s principles of affordability and sustainability.

According to the IEEFA report, Pakistan would end up building more power capacity than its requirement due to over-optimistic energy demand growth forecasts made without taking into account the impact of the Coronavirus pandemic.

Overbuilding of power generation capacity would result in the underutilization of the imported LNG-based and coal-fired power plants which would turn them into stranded national assets. 

[Haroon Hayder]

More: IEEFA Says Pakistan Will Waste Power Plants Under 27-Year Power Generation Plan

Posted in: IEEFA In the News

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