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The World Bank has sounded the alarm in the energy sector, the organization has described the losses in the energy sector as a threat to the economy.
The World Bank said in its report that if energy reforms are not done, electricity will have to become more expensive, and the poor will have to be protected from the rising electricity rates.
While the ongoing report by the institution stated that the electricity debt has reached 2.4 percent of the GDP, the revolving debt of the power sector has reached 2635 billion rupees by January 2024.
Expressing concern, the organization has described the losses in the energy sector as a threat to the economy.
While the report states that the circular debt in the gas sector has reached 2866 billion rupees, the debt of the gas sector has reached 2.7 percent of the economy.