Chinese solar panel boom threatens Pakistan’s debt-ridden grid | Industry rushes to switch to clean energy as cost of state power network becomes crippling (www.ft.com)

submitted 3 days ago* (last edited 3 days ago) by [email protected] to c/[email protected]

6 comments fedilink hide all child comments

basically:

Pakistan, with Chinese financing, solved a problem of frequent rotating blackouts by building coal-fired power plants. Those are more expensive than solar, so people are installing small-scale solar right and left...which means that the coal-fired power plants aren't financially viable.

This post uses a gift link which may have a capped view count. You can use an archived copy if that runs out.

you are viewing a single comment's thread
view the rest of the comments

[-] [email protected] 1 points 2 days ago

Kinda weird to blame China for offering a loan Pakistan asked for. This whole situation seems to be more of a result of lack of market regulation. Western companies are taking advantage of this lack of regulation and the government’s response is to… let the working class pay even more for its already overpriced energy.

They should force those companies to use the energy they probably begged the government to provide for them or they’d leave the country, and in the meantime gradually transition to the cheaper solar energy.

[-] [email protected] 4 points 2 days ago

i think it's just weird phrasing, like, the country's grid is dirty and expensive and it's awesome that cheap solar is threatening it

[-] [email protected] 3 points 2 days ago

If you read the article it describes how this phenomenon is really bad for the Pakistani government who are in debt and the working class who can’t invest in solar panels and thus end up having to pay way more for their already expensive energy to compensate for companies who are no longer using it.

[-] [email protected] 1 points 2 days ago

Make the utility responsible for the bonds and have them go bankrupt.

this post was submitted on 19 Sep 2024

35 points (94.9% liked)

Green Energy

2127 readers

74 users here now

everything about energy production

founded 2 years ago

MODERATORS

[email protected]