Foreign Direct Investment (FDI) into the country’s power sector dropped sharply in the past year despite huge commitment from India and China for the last couple of years.
Central bank statistics, released last month, showed that the gross inflow of FDI in the power sector declined to $168.72 million in 2017, which was $273.30 million in 2016.
Similarly, the net FDI in this sector declined by 39 per cent to $163.51 million in 2017 from $267.97 million in the year before.
Central bank statistics also showed that highest amount of FDI in the power sector came from Singapore in 2017, amounting to some $104.15 million.
Stock of FDI in the power sector stood at $952.88 million at the end of 2017.