Power generation drops 8.2% YoY to 8,023 GWh in March’24, rises 12.5% MoM

April 19, 2024 (MLN): The total power generation in the country decreased by 8.2% YoY to 8,023 GWh during March 2024 as compared to 8,741 GWh in March 2023, monthly power production data released by the National Electric Power Authority (NEPRA) showed.

Conversely, on a month-on-month basis, the total power generation increased by 12.5% MoM compared to 7,130 GWh in February 2024.

On a cumulative basis, in 9MFY24, electricity generation stood at 92,450 GWh, down 1.2% YoY compared to the generation of 93,582 in 9MFY23.

Source-wise

Generation through Hydel, Nuclear, RLNG, gas, wind, and Solar registered a jump of 25.5%, 24.7%, 14.3%, 1%, 89.8%, and 22.2% MoM, respectively in March, compared with the figures in February.

On the other hand, Local coal and bagasse production dropped by 13.3% and 22.8% MoM, respectively.

When compared to March 2023, generation through Hydel and Nuclear sources ticked higher, while all other sources dropped.

Share-wise

Power generation through hydel contributed the largest in March 2024, as it accounted for 27.6% (2,217GWh) of total electricity.

With a share of 25.8%, power generation from Nuclear stood at around 2,070 GWh. The next in line was RLNG which contributed 20.7% (1,658 GWh) to overall electricity generation.

Meanwhile, electricity production was nill through Coal (imported), RFO and HSD during the review month.

Fuel cost

The average fuel cost dropped 4.4% MoM to Rs8.31/kWh in March 2024, compared to Rs8.7/kWh in February 2024.

On a yearly basis, the fuel cost recorded a rise of 1.1% YoY as in March 2023 cost stood at Rs8.22/kWh.

During the review month, the fuel cost of imported coal increased significantly by 11.7% MoM.

Likewise, charges for production through all other sources increased on a month-on-month basis.

On an annual comparison basis, fuel costs for all alternatives recorded a major increase, except RLNG which recorded an 8.7% YoY drop.

Fuel cost during 9MFY24 dropped by 4.2% YoY to Rs8.75/kWh compared to a cost of Rs9.14/kWh incurred in the same period last year.

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