absolutely correct, cheap electricity provide jobs.
but to install any new plants and have cheap electricity. even with current capacity production is not in full swing due to non-payment to the IPPs and demand hence the circular debt.
past projects with hard terms are bleeding us to pay with high electricity rates. and i don't think until we have more demand we can install new projects just to bring down the electricity rates, to whom it will be sold? we are giving up on coal any more and the cheap is hydroelectric which is already under development with several projects but it take years.
few bad decisions in the past bring so much of the problem and it is major sector due to which it is getting hard to compete with regional rivals for cost effective products. it will take some time to neutralize that effect.