Power generation in CY18 up by 8.7% due to induction of new power plants

January 17, 2019 (MLN): Power generation during CY18 has witnessed growth of 8.7% YoY.

Arif Habib Limited, in its research report stated that in the month of December 2018, Power generation witnessed a decline of 0.6% to 7,719 GWh (10,375 MW) as compared to 7,763 GWh (10,434 MW) corresponding period last year.

Speaking with Mettis Global News, Rao Amir Ali, research analyst at Arif Habib Limited briefed that the growth in power generation during the CY18 has been witnessed due to the induction of LNG power plant, Coal power plant and two Hydel power plants.

The major contributors during the month of December 2018 remained Gas, Coal, Hydel, RLNG, FO and Nuclear.

The share of RLNG based generation has increased to 12.4% compared to 5.1% in the same period last year. However, the share of Furnace Oil (FO) based generation remained 12.1% compared to 29.0% in December 2017.

Hydel based generation witnessed an increase of 8.4% YoY on the back of new additions in the system (Neelam Jhelum and Terbela 4th extension).

The report further highlights that, Gas based generation during the month of December 2018 took a dip of 5% YoY to 1,679 GWh.

This decline in generation was attributed to 98%, 47%, 30%, 23% and 7% YoY decline in generation of Fauji Kabirwala, GENCO-II, Uch, Engro Powergrn, Foundation power plants, respectively. However, generation of Liberty, Uch-II and Habibullah power increased by 33%, 18% and 16% YoY, respectively.

Copyright Mettis Link News