Going In Circles
Suleri, Dr. Abid Qaiyum | June 2017
Abstract
There are certain misconceptions about the power sector’s circular debt, which has generated controversy in the country.
Contrary to various official claims, circular debt in power sector cannot be resolved on a permanent basis unless we take some radical measures. Initially, we need to change our energy mix to reduce dependency on oil-based electricity, and take stern actions to stop electricity theft.
Pakistan’s energy mix of electricity is highly skewed and dependent on thermal generation (oil and gas). According to official estimates, 36 per cent of our electricity is produced from oil, another 36pc from hydel, around 25pc from gas and only 3pc from nuclear. This reflects that the cost of electricity would increase with an increase in global oil prices.
Citation
Suleri, Dr. Abid Qaiyum. 2017. Going In Circles. © Sustainable Development Policy Institute. http://hdl.handle.net/11540/7114.Keywords
Social condition
Economic dependence
Economic assistance
International monetary relations
International monetary relations
International trade
National accounting
Market
Petroleum Refineries
Petroleum Products
Petroleum Prices
Petroleum
Crude Oil
Petrochemical Industry
Export Oriented Industries
Macroeconomic
Macroeconomic Analysis
Macroeconomic Framework
Macroeconomic Models
Macroeconomic Performance
Macroeconomic Planning
Macroeconomic
Policies
Macroeconomic Reform
Macroeconomic Stabilization
Oil and Gas Industry
Development cooperation
Petroleum Industry
Transport Industry
Exchange
Comparative economics
Index number
Monetary policy
Value analysis
Adjustment cost
Transaction cost
Conditionality
International relations
Oil refineries
Gasoline
Oil
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