{"id":62470,"date":"2022-04-19T09:07:51","date_gmt":"2022-04-19T14:07:51","guid":{"rendered":"https:\/\/olduvai.ca\/?p=62470"},"modified":"2022-04-19T09:07:51","modified_gmt":"2022-04-19T14:07:51","slug":"pakistan-hit-with-power-blackouts-as-it-struggles-with-fuel-shortages-and-technical-problems","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=62470","title":{"rendered":"Pakistan Hit With Power Blackouts As It\u00a0Struggles With Fuel Shortages And Technical Problems"},"content":{"rendered":"
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Pakistan Hit With Power Blackouts As It Struggles With Fuel Shortages And Technical Problems<\/a><\/h3>\n<\/header>\n
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A once-in-a-generation inflation shock is rippling worldwide and has become a significant source of social and political instability in the weakest countries. Pakistan is the latest country to experience paralyzing inflation.<\/p>\n

Bloomberg<\/a>\u00a0reports almost a fifth of electricity generation capacity is offline in the South Asian country because some power plants struggle to purchase liquefied natural gas and coal due to record high prices.<\/p>\n

Pakistan’s energy costs have doubled to $15 billion in the last nine months ended February from a year earlier. The country has struggled with purchasing energy products to fuel its power plants since the conflict in Ukraine exacerbated commodity shortages, sending prices to record highs.<\/p>\n

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Miftah Ismail, appointed as finance minister by new Prime Minister Shehbaz Sharif, tweeted that 3,500 megawatts worth of power capacity are offline due to fuel shortages, and a similar amount is due to technical faults. The total capacity offline is 7,000 megawatts or about a fifth of the country’s\u00a0total generation capacity.<\/p>\n