MOSL: POWER & COAL MONTHLY-Power demand recovers; NTPC’s PAF improving
POWER & COAL MONTHLY: Power demand recovers; NTPC’s PAF improving; Coal stocks at power plants stable at 18 days
Conventional generation increases 4.6% YoY in Apr'19
- After the muted offtake witnessed in Jan-Mar (0% YoY), conventional electricity generation recovered, increasing 4.6% YoY in Apr'19. Hydro generation surged ~47% YoY while coal generation was up ~2%.
Total generation increases 5.6% YoY in Apr'19
- Including renewable energy (RE), generation is estimated to have grown 5.6% YoY in Apr'19. RE constituted 8.3% of India's generation in Apr'19, accounting for ~23% share of incremental generation.
Coal stocks stable
- Coal stocks at power plants remained unchanged MoM at 18 days in Apr'19, but have significantly improved from just six days in Oct'18.
- Overall, dispatches from Coal India (COAL) were up 2.6% YoY to 52.3mt in Apr'19. COAL's coal production rose +1% YoY to 45.3mt.
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