Pakistan

    Pakistan

    US developer AES is to take over National Power`s share in the Hub Power Company (Hubco). The share is worth more than $175m and the deal is expected to pave the way for resolution of the two and a half year dispute between the government and Hubco. An industry analyst said that if AES buys controlling shares in Hubco there is a possibility that, being an American company, it could use the influence of the World Bank and the International Monetary Fund to resolve the ongoing power tariff dispute.

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