Power Generation went down by 9.3% YoY during 4MFY23

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Power generation went down by 5% YoY to 10,705 GWh (14,388 MW) during Oct’22, compared to 11,296 GWh (15,183 MW) during Oct’21. The decline in the generation was owed to lower generations from FO, RLNG, and Coal by 87%, 32%, and 12% YoY, respectively. The decline in power generation is triggered by the overall decline in economic activity across the country.

Major contributors during Oct’22 were Hydel (share: 29%), Nuclear (share: 21%), RLNG (share: 17%), Coal (share: 16%), Gas (share: 12%), Wind (share: 2%), FO (share: 2%), Solar (share: 1%), and Bagasse (share: 0.4%).

Nuclear and Solar-based power generation increased by 58% and 25% YoY, respectively. The rise in Nuclear-based generation is witnessed due to the addition of KANUPP-3 to the system. Moreover, each Wind and Hydel based generation also increased by 20% YoY. The rise in a wind-based generation was witnessed due to the addition of new plants in the system. The rise in Hydel-based generation was due to the addition of Karot Hydro Power, while Neelam Jhelum was unavailable due to a technical fault. Lastly, FO, RLNG, and Coal-based generation declined by 87%, 32%, and 12% YoY, respectively.

Fuel cost down by 3.0% YoY during Oct’22

During Oct’22, fuel cost for power generation decreased by 3.0% YoY | 9.0% MoM to an average of PKR 9.02/KWh compared with an average cost of PKR 9.30/KWh and PKR 9.91/KWh during Oct’21 and Sep’22, respectively. On YoY basis, the decline in fuel cost is witnessed after 22 months. Lastly, YoY decline during Oct’22 was led by the following reasons;

  • Hydel-based generation increased by 20% YoY.
  • Nuclear-based generation also increased by 58% YoY.
  • Wind-based generation is 20% YoY higher than last year.
  • Solar-based generation also increased by 25% YoY.

 Courtesy – AHL Research

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