Power Generation was down by 1.4% YoY during Nov’22
Power generation went down by 1% YoY to 8,367 GWh (11,621 MW) during Nov’22, compared to 8,482 GWh (11,780 MW) during Nov’21. The decline in the generation was owed to lower generations from FO, Coal, RLNG, Hydel, and Wind by 93%, 29%, 16%, 12%, and 10% YoY, respectively. This decline in power generation is triggered by the overall decline in economic activity across the country.
Major contributors during Nov’22 were Hydel (share: 30%), Nuclear (share: 28%), Gas (share: 14%), RLNG (share: 12%), Coal (share: 12%), Wind (share: 2%), Solar (share: 0.9%), Bagasse (share: 0.8%), and FO (share: 0.1%).
Nuclear and Solar-based power generation increased by 57% and 56% YoY, respectively. The rise in Nuclear-based generation is witnessed due to the addition of KANUPP-3 to the system. The decline in Hydel-based generation was due to a 9% YoY decline from WAPDA and a 35% YoY decline from Terbela 4th extension. This decline in Hydel-based generation was despite the addition of Karot Hydro Power to the system as drag came from the unavailability of Neelam Jhelum during the period due to a technical fault, nullifying Karot Hydro Power’s contribution to the overall generation. Lastly, FO, Coal, and RLNG-based generation declined by 93%, 29%, and 16% YoY, respectively.
Fuel cost down by 5.3% YoY during Nov’22
During Nov’22, fuel cost for power generation decreased by 5.3% YoY | 33.6% MoM to an average of PKR 5.99/KWh compared with an average cost of PKR 6.32/KWh and PKR 9.02/KWh during Nov’21 and Oct’22, respectively. Lastly, YoY decline during Nov’22 was led by the following reasons;
o Solar-based generation increased by 56% YoY.
o Coal-based cost of generation declined by 2% YoY due to the addition of local coal-based power plants to the system.
o The share of Nuclear-based generation has increased from 18% to 28%, a relatively cheaper source of power generation.
o Zero electricity generation on HSD, most expensive source of power generation.
Courtesy- AHL Research