Sep
11
‘Bankrupt’ Pakistan Grid Adds to Imran Khan’s Economic Quandary
By-
Khan needs to overhaul ‘collapsed’ distribution system: Engro
- Engro coal power project running four months ahead of schedule
In Pakistan’s Tharpakar desert, Chinese and Pakistani workers toil in the blistering heat to complete the construction of a massive open pit coal mine and an adjacent 660 megawatt power plant four months before schedule. The roadblocks will come soon after.
When Engro Corp., one of Pakistan’s largest conglomerates, which is partnering with China, begins generating electricity from the plant in December it will hit a distribution and transmission network that is essentially “bankrupt,” according to Shamsuddin Shaikh, the chief executive officer of Engro’s energy arm…
‘Bankrupt’ Pakistan Grid Adds to Imran Khan’s Economic Quandary
