MOSL: POWER & COAL MONTHLY-Power demand grows strongly; E-auction prices though on a downtrend
POWER & COAL MONTHLY: Power demand grows strongly; E-auction prices though on a downtrend
Conventional generation increases 8.7% YoY in Jun'19
- Conventional electricity generation increased 8.7% YoY in Jun'19. Notably, generation growth recovered to 6.3% YoY in 1QFY20 after a muted offtake in 4QFY19 (0% YoY). Coal-based generation increased ~9% YoY, while nuclear generation was up ~11% in the month.
Total generation up 7.4% YoY in May'19
- Including renewable energy (RE), generation grew 7.4% YoY in May'19 (YTD: +6.6%). RE represented 9.5% of India's generation and ~33% of incremental generation in the month.
E-auction prices decline
- e-auction realizations stood at ~INR2,250 in 2MFY20 - lower than ~INR2,600 in 4QFY19 due to improved coal availability and lower international coal prices.
- Coal stocks at power plants stood at 15 days in Jun'19 (v/s 16 days in May'19), improving significantly from just 6 days in Oct'18.
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