· CPPA-G released its Energy Purchase Data for September. As expected, power generation has decreased by 8%MoM to clock in at 12,878GWh, while also decreasing by 8%YoY from the 14,022GWh recorded in Sep’21.

· Hydel and Coal posted significant declines in power generation, down 18%MoM and 33%MoM respectively. Hydel generation has come off its peak from August, with 4,404GWh generated in September. Generation from Nuclear power plants has increased by 21%MoM, while the utilization of RFO remained flat MoM at 1,080GWh.

· Average cost of generation dropped down by 1.5%MoM to reach PkR9.9/kWh in September, largely attributable to the greater contribution of Nuclear in the generation mix, along with reduced cost of generation from RFO plants.

· HUBC has witnessed a dip in generation, with 9% less power purchased compared to August and down 39%YoY. KAPCO has also experienced a dip in utilization, decreasing to 12% vs. 15% in August, leading to a 24%MoM decrease in generation. NCPL’s power generation rose by 9%MoM, while NPL has sustained its high utilization with 72% posted in September, keeping generation flat and up by 30%YoY.

Courtesy – AKD Research