From CEO Attock Oil.
Pakistan's energy sector is full of mismatches and blunders which no other country can think of:
- reducing local gas production to accommodate imported LNG in pipelines
- sitting on Thar coal for 25 years and then setting up large size power plants based on imported coal even after successful commissioning of Engro power plant in Thar
- Increasing generation capacity to 45,000 MW with no required enhancement of transmission capacity
- Decades of delay in exploiting hydal generation potential by becoming hostage to Kalabagh dam ; what stopped us from starting Bhasha and Dassu projects much earlier?
- Continued addition of thermal power plants and that too on imported fuels by all regimes under power policies of 1994, 2002, 2015 and even earlier.
- transmission & distribution losses in both power and gas
- dismally poor recoveries
- retrogressive E&P policies hindering aggressive exploration and foreign companies leaving
- blaming capacity payments to IPPs for the high electricity prices ignoring that more than 80% are govt owned or under CPEC
- more than four years delay in finalising Refineries Policy costing $ 4 Bill foreign exchange loss in terms of products imports
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