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Energy system is plagued with leakages while the government continues to build more and bigger power plants. Even though the price of oil has gone down by about $100 from its peak in 2007-8, the circular debt continues to plague us while load-shedding remains intact.
Last episode I talked about how the power system needs to be reconfigured.
Here I go into detail because I thought some things need explaining.
We have a haemorrhaging patient and we are relying on more and more blood transfusions and not fixing the haemorrhage.
My contention here is we need to operate on the system and fix.
Listen to it and see if you agree. And remember without discussion ideas die.
REMEMBER TO SUBSCRIBE TO SOCH BICHAR.
Australian radio interviewed me on the power situation in Pakistan after reading my article on Project Syndicate
https://www.project-syndicate.org/commentary/pakistan-energy-crisis-reform-by-nadeem-ul-haque-2017-06
I think the discussion would be interesting to all who want to understand the root causes of the energy problem and how to get out of it.
Those who insist it is a supply problem—the solution to which is the setting up of ever more power supply projects including ones that will further contaminate our environment are wrong.
While supply will always increase, it must be balanced by measures for
It is for this reason that I have always maintained energy shortfalls that Pakistan is facing is first a governance issue which must be addressed immediately well before we rapidly expand supply.
Sadly, for the last 10 years 3 governments have not understood this or were incapable of addressing the governance issue. It is no wonder that we have the circular debt with us again at the level of another $5 billion.
Listen and discuss. It is only public discussion that will wake up our leadership.
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