Power sector: Hits and misses 2017

The outgoing year saw a plethora of activity in the power sector with the government intent on delivering on its promise of a load-shedding free Pakistan. Even though the promise still remains elusive, a review of the important shake-ups in the sector is warranted to gauge if there has been progress towards creating a financially sound and operationally sustainable power sector.

Highlights of 2017 include: Circular debt tops Rs800 billion, love for RLNG power plants, move to competitive bidding for tariff determination, clipping the regulator’s wings, creation of an energy ministry, amending long term power purchase agreements, and the tussle with renewables.

Published in Business Recorder, 1st January, 2018