Power generation rises by 13.4% in November 2021

Power generation rises by 13.4% in November 2021

KARACHI: The country’s power generation has recorded an increase of 13.4 per cent to 8,482 GWh (11,780 MW) in November 2021 as compared with 7,479 GWh (10,388 MW) in the same month of the last year.

The rise in a generation was owed to higher generation from nuclear, coal, gas, furnace oil, and solar, analysts at Arif Habib Limited said.

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Major contributors during November 2021 were hydel (share: 33 per cent), nuclear (share: 18 per cent), coal (share: 16 per cent), RLNG (share: 14 per cent), gas (share: 13 per cent), wind (share: 2 per cent), furnace oil (share: 2 per cent), and bagasse (share: 1 per cent).

During the month, furnace oil, gas, nuclear, and coal-based power generation went up by 424 per cent, 150 per cent, 124 per cent and 26 per cent, respectively. However, RLNG, hydel and wind-based generation declined by 37 per cent, 6 per cent, and 5 per cent YoY, respectively.

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During November 2021, fuel cost for power generation increased by 85 per cent YoY to PKR 6.32/KWh mainly due to rise in furnace oil, coal and RLNG based cost of generation. In addition to this hydel and wind-based generation decreased by 6 per cent YoY and 5 per cent YoY, respectively.

The analysts said that the rise in fuel cost by 85 per cent YoY to PKR 6.32/KWh during November 2021 was led by the following reasons:

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— RLNG-based cost of generation increased by 166 per cent YoY to PKR 17.29/KWh due to 123 per cent YoY rise in RLNG prices to PKR 2,720/mmbtu (USD 15.68/mmbtu).

— Coal-based cost of generation went up by 85 per cent YoY to PKR 13.14/KWh during November 2021 due to 121 per cent YoY rise in coal prices.

— furnace oil-based cost of generation increased by 72 per cent YoY to PKR 20.27/KWh.

— hydel-based generation decreased by 6 per cent YoY.

— Wind-based generation decreased by 5 per cent YoY.

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