Private Power Generation—Opportunities and Challenges

N. A. Zuberi

Abstract


POWER INDUSTRY DYNAMICS The concept of modern world is
imperfect without electricity. The development of modern gadgets in past
two decades has made human living as reflection of a science fiction
movie. The fiction like living’s axis in fact is electricity and without
electricity every thing comes to a grinding halt. Though this picture is
portrait of the developed world, yet everyone would agree that wherever
electricity has reached, it has transformed everything into power
reliant. Whether it is Pakistan or any third world country, the
industry; the commerce; the banking system; the methods of teaching in
educational institutions; hospitals; control systems of civil aviation
and civic traffic systems; and the domestic living, everything revolves
around electricity. Whenever there is any break in electricity supply,
output of every segment of society drops down to its lowest ebb. Many
segments such as process industry and hospitals require highly reliable
power supply systems. Truly, electricity is no more a luxury available
to rich only; it has now become a basic need. However, scientists have
not yet fully succeed in overcoming the challenges posed by the dynamics
of electricity. First of all their failure to store electricity on
commercial scale has made it necessary to keep generating electricity
all the time. However, managing the generation quantum to meet the
varying intra-day and inter-day power demand at places which are
hundreds of miles apart require dedicated and sophisticated transmission
and distribution infrastructure. The problem accentuated in countries
like Pakistan where the generation capacity reduces in winter due to
lower availability of its hydro power plants and lower availability of
gas for thermal generation plants. The transmission cum distribution
infrastructure as well as installation cum operations of power
generating plants is very capital intensive. Hence it is very difficult
for the governments and / or power utilities to develop the generation
capacity and the transmission cum distribution network all by
itself.

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DOI: https://doi.org/10.30541/v47i4IIpp.1019-1027

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