Power generation plummets by 28% MoM in October 2023

November 21, 2023 (MLN): The total power generation in the country plunged by 28.2% MoM to 9,572 GWh during October 2023 as compared to 13,399 GWh in September, monthly power production data released by the National Electric Power Authority (NEPRA) showed.

On a year-on-year basis, the total power generation decreased by 10.6% YoY compared to 10,705 GWh in the same period last year.

On a cumulative basis, in 4MFY24, electricity generation stood at 53,710 GWh, up by 3.7% YoY compared to generation of 51,786 in 4MFY23.

Source-wise, generation through all sources registered a fall in October, compared with the figures in September.

Hydel, RLNG, Nuclear, coal, gas, imported coal, wind, solar, and bagasse generation all declined by 37.8%, 8.9%, 20.1%, 9.8%, 30%, 47.8%, 53.4%, 3.8%, and 17.1% MoM, respectively.

On the other hand, generation through RLNG and local coal increased by 5.2% and 2.79x YoY, respectively, compared to October 2022, while generation from other sources decreased on a year-on-year basis.

Share-wise, power generation through hydel contributed the largest in October 2023, as it accounted for 32.5% (3,114 GWh) of total electricity.

With a share of 20.3%, power generation from RLNG was around 1,939 GWh, whereas, Nuclear contributed 19.1% (1,826 GWh) to overall electricity generation.

Meanwhile, local coal-based power plants generated around 1,334 GWh (13.9% of total generation).

The average fuel cost went down by 8.4% YoY to Rs8.26/kWh in October 2023, compared to Rs9.02/kWh in the SPLY.

On a sequential basis, the fuel cost went up by 11.4% MoM in October 2023 compared to Rs7.42/kWh in September 2023.

The fuel cost of RLNG and imported coal went down by 2% and 16% MoM to Rs23.7kWh and Rs13.27/kWh respectively.

Conversely, for all other sources, the fuel cost increased on both a monthly and yearly basis.

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