Pakistan Power_Generation mix skews towards costlier fuels, (AKD Daily, Feb 23, 2023)
AKD Daily
Pakistan Power: Generation mix skews towards costlier fuels
- Power generation for the month of January has clocked in at 8,515GWh, remaining flat MoM while decreasing by 3.2%YoY compared to 8,797GWh generated last year. Circular debt for the power sector has crossed PkR2.5tn compared to PKR2.25tn in Jun’22.
- Hydel generation for the month has clocked in at 800GWh, decreasing substantially on a monthly basis as January is the month of least hydrology in the country historically. Furthermore, RFO plants have finally seen an uptick in utilization, with 463MW generated in the month compared to merely 39MW last month.
- Average cost of generation for the month has risen by 59% to Pk11.2/kWh owing to the decrease in generation from Hydel plants and the consequent increase in reliance on thermal sources. In terms of the generation mix for January, the largest contributors are Coal, Nuclear, RLNG, Gas and Hydel contributing 29%/22%/15%/13%/9% to the mix.
- HUBC has seen significant increases in power generation, with 58GWh more power generated in this month, while down by 72%YoY despite the new TEL plant coming online this year. KAPCO remains non-operational owing to the expiry of its PPA and is still out of the Merit Order, although it has sold 2.7GWh from its RLNG plant in the month.
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.