Power generation in the country saw a year-on-year (YoY) increase of 0.3 percent, reaching 14,880 gigawatts per hour (GWh) in July 2024. This also represents an 11 percent month-on-month (MoM) rise compared to the 13,461 GWh generated in the previous month.
The cost of fuel for power generation in July 2024 rose by 7 percent YoY, averaging Rs. 9 per unit. For the fiscal year 2024 (FY24), fuel costs decreased by 6 percent, averaging Rs. 8.8 per unit. In June 2024, the main contributors to power generation were Hydel (35.9 percent), RLNG (20 percent), and Nuclear (13.4 percent).
Hydel-based power generation decreased by 3 percent YoY to 5,341 GWh in July 2024, down from 5,518 GWh in the same month last year. However, on a MoM basis, Hydel output increased by 13 percent from 4,729 GWh in June 2024.
READ MORE: Supreme Court Overturns IHC Orders in Audio Leaks Case
RLNG power generation saw a 2 percent YoY increase, rising from 2,918 GWh in July 2023 to 2,970 GWh in July 2024. MoM, RLNG generation also surged by 22 percent. In contrast, coal-based (imported) power generation fell by 48 percent YoY, dropping to 1,137 GWh in July 2024 from 2,180 GWh in the previous year. However, on a monthly basis, coal-based power generation increased by 78 percent, up from 637 GWh in June 2024.
Nuclear-based power generation declined by 6 percent YoY, totaling 1,988 GWh in July 2024 compared to 2,107 GWh in July 2023. It also showed a slight 1 percent decrease MoM, down from 1,998 GWh in June 2024.
Solar-based generation saw a significant 47 percent YoY jump, increasing from 75 GWh in July 2023 to 110 GWh in July 2024.
Power Generation Slightly Up in July As Fuel Price Rises
In terms of fuel costs, July 2024 saw a 7 percent YoY increase and a 4 percent MoM rise, with an average cost of Rs. 9 per unit, compared to Rs. 8.3 per unit in July 2023 and Rs. 8.6 per unit in June 2024. Furnace oil was the most expensive fuel, costing Rs. 31 per unit, followed by RLNG as the second most costly option during this period.
