Non-accountability of power sector
In its recently issued performance assessment of GENCOs, Nepra put the energy loss by these state-run power generation companies at a whopping 15 billion KWh. An equivalent figure in dollars would be close to $1.5 billion in losses for FY15-FY16!
According to the Nepra’s determination of 1263MW R-LNG project at Jhang, the total project cost was roughly $800 million. To quantify the opportunity cost of this $1.5 billion loss, the government could have set up almost two 1263MW R-LNG power plants inclusive of their CAPEX and financing costs in this amount.
Published in Business Recorder, 13th February, 2018