Electricity generation in May rises 8.3%

June 19, 2021 (MLN): Electricity generation in May rose by 8.3% year-on-year to 13,010 GWh, the latest data released by the National Electric Power Regulatory Authority (Nepra) showed on Saturday.

On a month-on-month basis, generation in May increased by 24% compared to 10,481 GWh in April.

Cumulatively, total electricity generation during the 11MFY21 stood increased by 7% to 115,862 GWH with hydel contributing 29.8%, RLNG 21%, coal 21.5% and gas at 11.3%.

Despite higher production, various cities across Pakistan are experiencing massive load shedding. The incumbent government has said that the outages are primarily a result of the weak transmission and distribution system.

Minister for Energy Hammad Azhar said the country was experiencing load-shedding due to transmission faults.

He said that although, revenue-based load-shedding in high theft areas and any infrastructure/transmission breakdown in localities will continue however forced load-shedding has now been stopped.

The government has allocated Rs596 billion in subsidies for FY22 in order to insulate consumers from higher consumer tariffs.

Of the total sum, Rs245bn has been set aside for Water and Power Development Authority/Pakistan Electric Power Company, Rs85bn for the K-Electric, and Rs266bn for Power Holding Private Ltd/Independent Power Producers (IPPs).

Earlier this month, the government also released the first tranche of Rs89bn in three equal chunks of cash, 10-year Pakistan Investment Bonds, and five-year sukuks to clear long-standing dues of IPPs.

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Posted on: 2021-06-19T17:11:00+05:00