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Now, there is so much solar in #Pakistan, and such a wholesale abandonment of the expensive grid, that there's talk of “risk of a utility death spiral.”

“Pakistan’s [now privatised] distribution companies are losing every day as solar becomes attractive.”

But.
"The IMF has said retaining demand should be a key objective of reforms."

Seems to be the terms and conditions of the IMF loan was responsible for this "crisis".

https://www.bloomberg.com/news/articles/2024-11-22/surprise-solar-boom-in-pakistan-helps-millions-but-harms-grid