The fiscal year 2023 witnessed a puzzling conundrum where electricity generation in the country plummeted by over 10%, capacity payments soared by a staggering 29%. This surprising divergence, where installed capacity grew amidst shrinking demand and soaring costs, highlights a critical turn for the country’s energy landscape. A recent review of the year that was for the power sector paints a grim picture of the current state of the country’s power sector. In an event, attended by a mix of both local and international experts, the think tank provided an in-depth look at the electricity sector’s turbulent year, from July 2022 to June 2023. Trends in Pakistan’s electricity and power sector
