VN Research & Consulting
 Like us on facebook  Follow us on twitter  Follow us on LinkedIn  IndiaNotes on Google Plus  IndiaNotes on Pinterest  IndiaNotes on Stumbleupon  Subscribe to our feeds


Stocks  A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Go
Feedback
You are here : IndiaNotes >> Research & Analysis >> Industries >> Power >> Research

Power: All India generation up 4.6% y-o-y

Motilal Oswal | 14 Jun, 2010  | Follow Author | Add to my Favourites 
  • Rate this article
    (Average Rating 0.0 Based on 0 ratings)


All India generation during May 2010 was 67.7BU (v/s 64.7BU in May 2009), while overall PLF was up 20bp to 64.9% (v/s 63.8% in May 2009). Coal and lignite based power generation declined 4.2% y-o-y to 47.3BU (70% of total generation) at PLF of 78.2% (down 420bp y-o-y, validating media reports of coal shortage in the country), whereas gas-based generation increased 31% y-o-y to 9.1BU (13% of total generation) and PLF moved upwards to 77% (up 13.9pp). Hydro power generation increased by 36.7% to 9.7BU, while nuclear power generation grew 25% y-o-y to 1.7BU.

Short-term prices remain low, post recent highs

With the onset of monsoon and the proposed move by CERC to cap short-term prices at Rs5/unit, day-ahead prices on Indian Energy Exchange (IEX) remain subdued. For the week ended 14 June 2010, short-term prices stood at Rs3.2/unit, v/s Rs5.6/unit a month ago for the week ended 19 May 2010. During the first week of June 2010, short-term prices dropped to Rs2.6/unit. ST Prices has inverse co-relation to the volumes of electricity traded. During November 2009 to April 2010 IEX registered highest volumes at low price.


  Read full report Click here to read the full report


About Motilal Oswal

Motilal Oswal was founded in 1987 as a small sub-broking unit, with just two people running the show. Today it has a 2000 member team with a networth of Rs7 bn and market capitalization as of March 31, 2008 at Rs19 bn.

 

For more information please write in to [email protected]

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




Technical Calls

What are technical calls?

Other Articles


Have a question?

Stalwart Investment Advisors
Stalwart Investment Advisors - Stalwart Investment Advisors