According to NEPRA, total power generation stood at 14,942 GWh in Aug’26, up 5.1% YoY but down 1.2% MoM as seasonal summer demand began to materialize. The YoY growth was primarily supported by higher hydro and imported coal generation, while the MoM decline was mainly attributable to lower RLNG-based generation. On a cumulative basis, power generation reached 91,406 GWh during 8MCY26, up 2.9% YoY. Imported coal (+92.3% YoY), RFO (+165.8% YoY), and wind (+28.7% YoY) remained the key contributors to the overall increase.

Hydel generation stood at 5,654 GWh, up 2.5% YoY but down 6.1% MoM as water inflows normalized after the seasonal peak in snowmelt. Hydel remained the largest contributor to the national generation mix, accounting for 37.8% of total generation.

Imported coal-based generation rose 104.7% YoY and 7.4% MoM to 2,330 GWh, reflecting increased reliance on imported coal plants amid lower RLNG availability earlier in the year. Consequently, imported coal’s share in the generation mix increased to 15.6% in Aug’26 from 8.0% in Aug’25.

RLNG-based generation declined 19.5% MoM to 1,311 GWh, mainly because the company procured only one LNG cargo during the month.

Local coal generation clocked at 1,626 GWh, up 12.8% YoY but down 1.5% MoM.

Gas-based generation increased 1.6% YoY and 6.3% MoM to 1,052 GWh, supported by reduced curtailment and additional production from new discoveries.

Nuclear generation declined 28.8% YoY to 1,528 GWh while remaining broadly flat MoM, down 0.1%, following the planned outage of KANUPP Unit-3.

Wind generation surged 62.7% YoY and 22.1% MoM, supported by favorable seasonal conditions, while solar generation grew moderately by 7.7% YoY and 5.7% MoM.

Courtesy: AL Habib Capital Markets Pvt Ltd.