New Delhi, April 29 (IANS) The deep crisis in Pakistan’s power sector, in which consumers are left to pay huge electricity bills amid widespread outages, has resulted from excessive borrowing and financial mismanagement by the ruling establishment, according to an article in Geo News.At the heart of the problem is that Pakistan’s Independent Power Producer (IPP) model violated nearly every condition of development finance. Take-or-pay contracts transferred demand risk from investors to consu…
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