Power generation in Pakistan rose by 2.7% year-on-year in May 2024, reaching 12,617 GWh (16,958 MW) compared to 12,284 GWh (16,510 MW) in the same period last year.Â
According to monthly data shared by the National Electric Power Authority (NEPRA), power generation saw an increase of 46% on a month-on-month basis.
However, over the first eleven months of the fiscal year 2024 (11MFY24), power generation declined by 1.9% year-on-year to 113,705 GWh (14,100 MW) from 115,876 GWh (14,412 MW) during the same period last year.
Despite the growth in May, the actual power generation for the month was 11.3% lower than the reference generation. This shortfall is expected to lead to higher capacity charges in the second quarter of fiscal year 2025.
A detailed breakdown of the power generation sources for May 2024 reveals the following:
– Hydel power generation increased by 17.9% year-on-year to 3,906 GWh.
– RLNG (Regasified Liquefied Natural Gas) generation decreased by 8.0% to 2,748 GWh.
– Nuclear power generation rose by 5.1% to 2,360 GWh.
– Local coal generation increased by 5.6% to 1,372 GWh.
– Gas generation increased by 12.0% to 1,110 GWh.
– Wind power generation decreased by 26.6% to 445 GWh.
– Imported coal generation decreased by 49.7% to 383 GWh.
– Solar power generation remained stable at 125 GWh.
– RFO (Residual Fuel Oil) generation decreased by 74.3% to 62 GWh.
– Baggasse generation decreased by 23.9% to 56 GWh.
The share of power generation sources in May 2024 was:
– Hydel: 31.0%
– RLNG: 21.8%
– Nuclear: 18.7%
– Local coal: 10.9%
– Gas: 8.8%
– Wind: 3.5%
– Imported coal: 3.0%
– Solar: 1.0%
– RFO: 0.5%
– Baggasse: 0.5%
– Others: 0.4%
The average fuel cost for power generation in May 2024 was Rs8.74 per kWh, a decrease of 10.0% year-on-year. The highest fuel costs were observed for RFO at Rs31.45 per kWh, followed by imported fuels at Rs26.09 per kWh and RLNG at Rs24.01 per kWh.
