Pakistan Power_FY22 Power generation_Furnace oil makes a comeback, (AKD Daily, Jul 22, 2022)
AKD Daily
Pakistan Power: FY22 Power generation: Furnace oil makes a comeback
- CPPA-G released its Energy Purchase Data for the month of June. Power generation declined in the month with 13,876GWh being generated, declining by 5%YoY and 3%MoM. Generation for FY22 is 143,169GWh up 10%YoY, compared to 130,188GWh generated in FY21.
- The most significant increase in power generation for FY22 has been posted by RFO based plants, with generation up 112%YoY, followed by 70%YoY for nuclear and 58%YoY for wind based generation. On the flipside, generation from Hydel and Coal based generation has decreased by 8%YoY and 4%YoY respectively.
- The average cost of generation for Jun’22 has risen to PkR14.7/kWh up 12%MoM/160%YoY, mainly due the increase in generation from RFO which has hit an all-time high cost of generation of PkR36.2/unit, along with RLNG which has cost PkR28.4/unit. Due to rising fuel costs globally, average cost of generation has risen by 93% in FY22 to reach PkR9.3/kWh compared to PkR4.8/kWh in FY21.
- In FY22, HUBC has seen a surge in generation by 5.3% cumulatively across all four plants. KAPCO’s generation has increased by 27%YoY, while NPL/NCPL have increases in generations by 52% and 118% respectively. Going forward, uncertainty remains regarding coal based generation along with RLNG availability. It remains to be seen if utilization of RFO based IPPS remains elevated in FY23, as furnace oil has established itself as the go-to fuel to pick up the slack when generation from other fuels remains compromised.
AKD Research
AKD Securities Ltd. is one of the leading securities firm in Pakistan, providing a comprehensive range of investor focused services, including equity brokerage, economic and securities research, investment banking and financial advisory services. AKD Securities accounts for more than 6% of the average daily value of the Karachi Stock Exchange. AKD Securities was the first brokerage house to launch an online trading platform in Pakistan in November 2002 and now has the largest market share with over 6000 customers. This has helped diversify and expand the retail investor base in the country and ushered in a whole new universe of investors to the stock market.
AKD Securities Ltd. caters to a diversified group of domestic and international institutional investors, high net worth individuals and upscale retail clients, including expatriate Pakistanis. With high quality research, unparalleled execution and distribution capability for both regular and large block trades, AKD Securities Ltd. has earned an outstanding reputation in the Pakistani securities industry.Outside of commercial banks, AKD Securities Ltd. is one of the biggest capital market firms in the country. AKD Securities is the leader in raising and providing risk capital in underwriting, market making and mergers and acquisitions in Pakistan. Good corporate governance and professionalism are emphasized throughout the firm and AKD Securities Ltd. is amongst the very few companies to have introduced a firm-wide comprehensive CODE of ETHICS, overseen by an independent compliance manager.Ultimately, our success is based on the quality of service we provide to our customers and the trust and confidence reposed in us by them. Our focus, therefore, remains on customer satisfaction at all levels in the company.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.