Solar is our saviour, capacity charge our drain
Solar is our saviour, capacity charge our drain
Pakistan's power sector has been in crisis since 2004, when oil prices spiked by around 56% in a single year. The trend continued until 2008, when prices peaked at almost five times of their initial value in 2004. The country was then heavily dependent upon furnace oil for power generation. As a result, between 2004 and 2008, the annual energy import bill of Pakistan increased by around 2.5 times. The government att...