Karachi, September 23, 2021 (PPI-OT): Power generation rises 11% YoY in 8MCY21

Total Power generation for the month of August was recorded at 16,078GWh which is nearly 3% higher on a MoM basis and about 10% higher than the same month last year. Incorporating the latest numbers, the total generation for 8MCY21 lands at 93,934GWh, nearly 11% more than what was seen during the same period last year.

Comparing the fuel mix, we find that it has changed substantially in 8MCY21. The biggest change was seen in the share of Hydel generation which declined from 32% during 8MCY20 to 27% in 8MCY21. On the flip side, the share of Furnace Oil (FO) in the fuel mix has gone up from 4% to 7% over the period. Meanwhile the share of Coal, Gas and RLNG remained mostly unchanged.

The substantial decline in Hydel generation was also visible in the per unit fuel cost which shot up from Rs4.58 per KWh during 8MCY20 to Rs5.77 per KWh during 8MCY21. It may be noted here that the fuel cost per unit has been north bound since Nov-2020, a trend that is likely to continue as winter approaches and fossil fuels such as LNG and Furnace Oil gain importance in the overall fuel mix.