Thursday, July 4, 2024 07:05 PM
The mismanagement and failures of NEPRA have worsened Pakistan's power crisis, leading to record inflation and economic instability. Urgent reforms are needed to address inefficiencies and prioritize public interests.
Pakistan is currently facing a severe crisis in its power sector, leading to record inflation and economic instability. The root cause of this turmoil can be traced back to the mismanagement and failures of the National Electric Power Regulatory Authority (NEPRA).
NEPRA, established to ensure a steady supply of electricity at reasonable prices, has instead exacerbated the circular debt issue in the power sector. Despite being entrusted with the task of reducing transmission and distribution losses, NEPRA has failed to take effective measures, resulting in a staggering debt of Rs 600 billion.
The regulatory body's negligence in addressing inefficiencies in thermal power plants, granting licenses to low-efficiency facilities, and overlooking the potential of renewable energy sources has further burdened consumers with exorbitant electricity costs.
NEPRA's focus on lavish amenities, extravagant events, and a lack of accountability has diverted attention from its core responsibilities, leading to a situation where the organization itself has become a symbol of mismanagement and inefficiency.
As Pakistan grapples with escalating electricity bills and a mounting circular debt, the urgent need for reform within NEPRA cannot be overstated. The regulatory authority must prioritize the interests of the public, address systemic failures, and work towards sustainable solutions to alleviate the country's energy crisis.