Power generation went down by 12.6% YoY to 14,053 GWh (18,888 MW) during Aug’22, compared to 16,078 GWh (21,610 MW) during Aug’21. The decline in a generation was owed to lower generation from RLNG, FO, Wind, Coal, and Hydel by 39%, 37%, 29%, 6%, and 4% YoY, respectively.

Major contributors during Aug’22 were Hydel (share: 38%), Coal (share: 15%), Nuclear (share: 13%), RLNG (share: 13%), Gas (share: 9%), FO (share: 7%), Wind (share: 3%), Solar (share: 1%) and Bagasse (share: 0.2%).

Nuclear-based generation increased by 15% YoY. Bagasse and Solar based generation also increased by 38% and 10% YoY, respectively. However, RLNG, FO, Wind, Coal, and Hydel by 39%, 37%, 29%, 6%, and 4% YoY, respectively.

During Aug’22, fuel cost for power generation increased by 57% YoY while it was down by 6% MoM to an average of PKR 10.06/KWh compared to an average cost of PKR 6.41/KWh and PKR 10.71/KWh during Aug’21 and Jul’22, respectively.

 Fuel cost down by 6% MoM during Aug’22

The decline in fuel cost by 6% MoM to PKR 10.06/KWh during Aug’22 was led by the following reasons: 

RLNG-based cost of generation also decreased by 13% MoM to PKR 24.7/KWh given a 2.5% MoM decline in RLNG prices to PKR 3,744/mmbtu (USD 16.95/mmbtu). 

FO-based cost of generation went down by 0.2% MoM to PKR 35.6/KWh.

Nuclear-based cost of generation also went down by 3% MoM to PKR 1.0/KWh.

Hydel and Solar-based generation increased by 8% MoM and 4% MoM during Aug’22, respectively.

Courtesy – AHL Research