NEPRA’S latest state of the industry report tells the familiar story of failed reform in the power sector due to patchy execution, misgovernance, corruption, underinvestment, and unpredictable policy. It also recounts how this reform failure has burdened honest consumers, led to blackouts despite surplus generation, and dragged down the economy. Numerous policy interventions, unbundling and corporatisation of SOEs, and private investments in generation notwithstanding, the sector continues to face challenges that constrain its efficiency and undermine its role in national economic growth, instead of providing relief to........

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