Indian offer to export power to Pakistan unviable
A financially, politically unfeasible move by an energy deficient country
Indian offers an attempt to make Pakistan a satellite state
Islamabad: [April 24]
The Pakistan Economy Watch (PEW) on Sunday said Indian offer to export electricity to Pakistan is not a viable option.
It is a diplomatic initiative by an energy deficient country to get free publicity at a time when Pakistan is facing a shortfall of 6000 megawatt, it said.
India, the sixth largest consumer of electricity, is fruitlessly trying to bridge the gap between demand and supply since decades to achieve high rates of growth on sustainable basis, said Dr. Murtaza Mughal, President Pakistan Economy Watch (PEW).
However, she is facing the around 20 per cent power deficit and 42 per cent transmission and distribution losses, one of the highest in the world, he said.
India's population which is 17 per cent of global count can only consume 3.5 per cent of international energy consumption which is a serious threat to its future, he added.
Indian power sector is inefficient, heavily dependent on state subsidies and rate of return is negative up to 30-40 per cent.
Therefore, it is impossible for Indian leadership to export power to Pakistan on the cost of their population and industry. It is financially and politically unworkable as there is not a single town or industrial estate in India which is not facing load shedding, said Dr. Murtaza Mughal.
Our government should stop looking for easy options to overcome power shortfall and utilise its full installed capacity which is currently being operated on roughly 50 per cent efficiency, he opined.
Before offering electricity, Indians should have considered the decision of Pakistani authorities not to buy internet data from India which is available at a distance of only 18 kilometres from the border, he said.
Moreover, he said, one of the reasons India walked out of the Iran gas deal was to deprive Pakistan of expected economic benefits. How come ruling coalition accept Indian offer to pay them for electricity in the much needed foreign exchange, he questioned.
India offers will not result in any economic miracle in Pakistan but it can pave way for Indian designs to transform Pakistan into a client state, said Dr. Mughal.
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Dr. Murtaza Mughal
Cell: 0321-5157671
President Pakistan Economy Watch
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