No respite from outages for two years: IPR report

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LAHORE: There is no respite from electricity loadshedding in sight for the next two years as the gap in peak demand is estimated to exceed 4,500MW, says a fact sheet of the Institute for Policy Reforms (IPR) about the state of the power sector. “Despite the marginal increase in generation, loadshedding is expected to continue well into the year 2019, exacting a high cost of 3.7 per cent of GDP on the economy,” said the fact sheet released on Thursday. Based on Nepra’s recently released State of Industry Report 2014, the IPR fact sheet contained important information about a sector that has been a source of great hardship for the people of Pakistan and, which has also stymied economic growth of the country.