MOSL: POWER & COAL MONTHLY-Power demand growing steadily; E-auction prices trending lower
POWER & COAL MONTHLY: Power demand growing steadily; E-auction prices trending lower
Conventional generation up 5.7% YoY
- The healthy start to FY20 continued into Jul'19 with conventional electricity generation increasing by 5.7% YoY (YTD: +6.2%). Coal-based generation was up ~7% YoY, while nuclear generation increased ~17% in the month.
Total generation increases 4.4% YoY
- Including renewable energy (RE), generation grew 4.4% YoY in July'19 (YTD: +6.5%). RE was down 4% YoY on the back of lower wind generation.
E-auction prices decline
- Average e-auction realizations stood at ~INR2,290 for 1QFY20, lower than ~INR2,600 in the previous quarter on account of improved coal availability and lower international coal prices.
- Coal stocks at power plants stood at 15 days in July'19 (v/s 15 days in June'19), significantly higher than just six days in Oct'18.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
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