MOSL: POWER & COAL MONTHLY-Power demand muted, NTPC’s PAF improving though
POWER & COAL MONTHLY: Power demand muted, NTPC’s PAF improving though; Coal stocks at power plants increase to 18 days
Conventional generation up 1% YoY in Mar'19
- Conventional electricity generation increased by just 1% YoY in Mar'19 (YTD +3.6%). Coal generation was weak (down ~1% YoY), while hydro generation was healthy (+26% YoY).
Total generation up 1.1% YoY in Feb'19
- Including renewable energy (RE), generation grew 1.1% YoY in Feb'19 (+4.5% YoY for 11MFY19). RE represented 8.5% of India's generation in 11MFY19 - accounting for ~22% share of incremental generation.
Coal stocks improving
- Coal stocks at power plants improved to 18 days in Mar'19 v/s 16 days in Feb'19 and just 6 days in Oct'18.
- Overall, dispatches from Coal India (COAL) were up 8% YoY (YTD: +4.8%) to 59.7mt in Mar'19. COAL's coal production rose 9.6% YoY (YTD: +7%) to 79.2mt.
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