Power generation up 2.0 percent in five months

KARACHI: Power generation during 5MFY21 (July-November 2020) inched up 2.0 percent to 60,077 GWh, regulator data suggests.

The highest growth of 22.3 percent was seen in Furnace Oil (FO) based generation, while hydel power witnessed the biggest jump of 1,134 GWh in absolute terms, followed by RLNG-based generation which increased by 942 GWh over 5MFY20.

On the other end, the largest decline (both relative and absolute) was seen in gas-based generation as it fell 15.2 percent over the period.

Aggregate generation during the month of November 2020 clocked-in at 7,479 GWh, with a minor uptick of 0.6 percent on yearly basis. Moreover, on yearly basis, there was a substantial decline of 46 percent in coal-based generation while an additional 1,230 GWh was generated using RLNG in November 2020.

“An interesting point is that 28 GWh was generated using FO during November 2020 against virtually no FO-based generation in November 2019. However, looking at monthly FO sales, one can expect the black oil segment to play a much greater role in the fuel mix in the coming months,” a report issued by JS Global Capital noted.

“Needless to say, FO sales figures have been more reflective of the power sector’s demand since implementation of IMO-2020”.

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