Power generation observed an increase of 9.3 percent Year on Year (YoY) to 12,552 GWh (Average Generation: 17,433 MW) during September 2018, as compared to 11,489 GWh (Average Generation: 15,957 MW) during September 2017.
Major contributors during the month remained Hydel, RLNG, Gas, Coal, FO and Nuclear. Share of RLNG-based generation has reached 22.7 percent compared to 11.5 percent during same period last year.
On the other hand, share of Furnace Oil -based generation has declined to 8.2 percent from 20.3 percent during corresponding period last year.On a MoM basis, generation went down by 10.5 percent. During 9MCY18, generation depicted a growth of 11.5 percent YoY to 99,189 GWh (Average Generation: 15,139 MW) in contrast to 88,879 GWh (Average Generation: 13,581 MW) in 9MCY17.
During the month, Hydel (34 percent) was the main source of power generation followed by RLNG (23 percent), Gas (16 percent), Coal (9 percent), FO (8 percent) and Nuclear (5 percent).
The newly inducted RLNG power plants are running at 65 percent load factor. QATPL is running at 74 percent, Haveli Bahadur Shah at 70 percent and Baloki at 52 percent.
However, the load factor of Sahiwal coal power plant has declined to 48 percent compared to 86 percent during Aug’18. On the contrary, Port Qasim coal power plant operated at 73 percent load factor compared to 56 percent during last month. That said, coal based generation has saved ~Rs89 billion (USD 775 million) during the past 12 months by replacing the expensive FO based generation.
Power generation of the AHL power universe was down by 41 percent YoY to 721 GWh (Average Generation: 1,001 MW) during September 2018 compared to 1,220 GWh (Average Generation: 1,694 MW) during September 2017.
The power generation of Hub base plant witnessed a major decline of 97 percent to 16 GWh (September 2018 Load Factor: 2 percent; September 2017: 53 percent). Hub Narowal’s generation declined by 19 percent YoY to 83 GWh (September 2018 Load Factor: 54 percent; September 2017: 66 percent). NPL & NCPL also witnessed 16 percent and 44 percent decline in power generation.
The load factor of both plants remained 62 percent and 43 percent, respectively. On the other hand, KAPCO witnessed an increase of 13 percent YoY in power generation.
Average fuel cost increased by 24.4 percent YoY. RLNG is a relatively expensive source of producing electricity which pushed up the total fuel cost of the country.
The fuel cost of RLNG has increased by 24 percent YoY due to higher oil prices. In addition to that, the share of RLNG has also increased in the pie which is the main reason for the increase in overall fuel cost.
As per OGRA, the price of RLNG has jumped up by 40 percent YoY to USD 12.68/mmbtu). In addition to this, coal based fuel cost also increased by 51 percent YoY to 6.5/KWh due to 8 percent YoY rise in coal prices along with Pak Rupee depreciation.