05. 07. 24
PEW president says private power plants making uplift impossible
‘IPPs have destroyed country’s economy’
Dr Murtaza Mughal, President of Pakistan Economy Watch (PEW), said that Independent Power Producers (IPPs) have destroyed the country’s economy.
He said private power plants are a big threat to the country’s economy and people, making national development impossible.
Dr Mughal said in a statement that the government should buy all IPPs from their owners to eliminate this problem. He said that at least $5 billion would be required to purchase IPPs, which should be arranged by taking loans from international institutions.
