Pakistan’s long term power capacity plan not in accordance with govt’s principles, reveals IEEFA study launched by ACJCE

Pakistan’s new long-term power capacity plan fails to live up to the government’s stated principles of sustainability and affordability, reveals a study conducted by the Institute of Energy Economics and Financial Analysis (IEEFA) and launched through a webinar held under the auspices of Alliance for Climate Justice and Clean Energy (ACJCE).
Power demand growth forecasts made under Integrated Generation Capacity Enhancement Plan-2047 (IGCEP2047) are too high and do not take into account the impact of COVID-19, states the study conducted by IEEFA.

“The Pakistan government’s principle of affordability cannot be met if the power system is locked into long-term overcapacity – capacity payments to plants lying idle are already an issue and would become even more unsustainable if more overcapacity is locked in,” said Simon Nicholas, author of the study.