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Pakistan’s solar boom adds pressure on Chinese-backed coal plants: report
Pakistan’s rapid shift towards solar power is creating a new challenge for the country’s troubled power sector, as cheaper distributed generation reduces demand for grid electricity, strains utilities’ finances and threatens the repayment economics of Chinese-backed coal-fired power plants, reported Bloomberg on Thursday. According to the report, about an hour’s drive east of Karachi, the country’s economic hub, solar panels now cover rooftops across an industrial zone of about 400 companies at Port Qasim, alongside a coal-fired power station built as part of China’s Belt and Road Initiative. ...
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