17 November 2010

All India October 2010 generation up 8.5% YoY: Motilal Oswal

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INDIAN UTILITIES: All India October 2010 generation up 8.5% YoY, ST price remain low

October 2010 all-India generation was up 8.5% YoY, driven by generation from Nuclear power at 33%YoY, Hydro generation up 12%YoY (better than normal monsoons at 102% of long term period average). Thermal power which contributes 80% of total generation was up 7%YoY.

During October 2010, APL's 330MW capacity got stabilized and for its 990MW capacity it reported PLF of 91%. JSW energy 860MW Karnataka plant operated at PLF of 100%, while PLF of Rajwest, Ratnagiri projects were muted at 49% and 68% respectively. NTPC's generation aided by new capacity addition and improved PLF stood at 19BUs (up 7.4% YoY). Jindal Power's PLF in Oct 10 stood at 105%.

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