basically:
Pakistan, with Chinese financing, solved a problem of frequent rotating blackouts by building coal-fired power plants. Those are more expensive than solar, so people are installing small-scale solar right and left…which means that the coal-fired power plants aren’t financially viable.
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If you read the article it describes how this phenomenon is really bad for the Pakistani government who are in debt and the working class who can’t invest in solar panels and thus end up having to pay way more for their already expensive energy to compensate for companies who are no longer using it.
Make the utility responsible for the bonds and have them go bankrupt.