Energy Crises in 1970s and 1980s
In the 1970s and 1980s, Pakistan suffered from intense power shortages, which led subsequent governments to the realization that a serious power crisis was in the offing. With a view towards encouraging private investment in the country’s power sector, the GoP began providing lucrative incentives to foreign investors through various power policies, the first of which was initiated in 1994. Through the 1994 Power Policy, the establishment of Independent Power Producers (IPPs) was encouraged to provide Pakistan with much-needed investment in the power industry.
Read more about this topic: Karachi Electric Supply Company
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