The Institute for Energy Economics and Financial Analysis (IEEFA) has published analysis warning against specifics of Pakistan’s plans to incentivise gigawatts of solar project development across the country. IEEFA’s commentary, prompted by a recent public hearing concerning one 600 MW solar plant in Muzaffargarh, criticizes the 25-year PPA at a dollar-indexed tariff, calling it reminiscent of Pakistan’s excessively expensive 1990s deals for thermal power plants, and saying it will do nothing to push developers to innovate on price. Per IEEFA, a 14-year PPA – as opposed to 25-year – would only increase the tariff by 14% to $46 per MWh, while a shortening of the debt-servicing period from 14 to 10 years would increase it further to $55 per MWh.…