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| India-Pakistan |
| Power breakdown plunges Pakistan into darkness |
| 2015-01-25 |
| In addition to chronic infrastructure problems, the energy sector is also trapped into a vicious "circular debt" brought on by the dual effect of the government setting low electricity prices and customers failing to pay for it. Wanna' bet there is some government prohibition against cutting people off for non-payment? State utilities therefore lose money, and cannot pay private power generating companies, which in turn cannot pay the oil and gas suppliers, who cut off the supply. Comes The Answer(TM): Nationalization of the power-generating companies in 3..2..1..... Centralized Control -> greater systemic risks.Distributed power generation with hacker-proof handshaking/electron-sharing, although less leveraged at the management and resource inputs levels, carries less risk. |
| Posted by:Hupineger Glomomp7494 |