Islamabad, Power generation in Pakistan witnessed a notable decline in November 2023, reaching its lowest in 33 months. The decrease was recorded at 9.8% year-on-year, with generation falling to 7,548 GWh (10,484 MW) compared to 8,367 GWh (11,621 MW) in November 2022. This drop in power generation is attributed not only to seasonal fluctuations but also to reduced demand driven by record-high electricity tariffs.
According to JS Global, the first five months of the fiscal year 2024 (5MFY24) saw a significant increase in the use of local coal for power generation, which rose by 22% year-on-year to 9,803 GWh. This increase is primarily due to the integration of new power plants, namely Thar Energy and ThalNova, which became operational in November 2022 and March 2023, respectively.
The report further notes that the average cost of power generation during this period stood at Rs8.51/KWh, marking a 15% decrease from the previous year. This reduction in cost is partly due to the increased utilization of cheaper energy sources, such as Hydel and Nuclear, in the country's power generation mix. The shift towards more cost-effective and diverse energy sources is a key aspect of Pakistan's ongoing efforts to manage its power generation more efficiently and economically.
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