JSW Energy net at R311 cr on higher output, lower fuel costs
The company, which relies almost solely on imported fuel, said fuel costs fell nearly 2% in the quarter to R1,048 crore owing to weak international coal prices. Adjusting for depreciation in the rupee, fuel costs would have been down 8%. Weakness in the rupee resulted in a forex loss of R61 crore in the quarter.
The fall in fuel costs is in stark contrast to the trend of rising costs of fuel in the industry, which has been forced to increase imports as a result of shortages of coal and gas in the country.
The company, which has an operational capacity of 2600 MW, also benefited from higher generation and utilization at its power plants in Vijayanagar, Ratnagiri and Barmer.At Vijayanagar, Karnataka, plant load factor — or the percentage of capacity utilised — increased to 102% versus 85% in the year ago quarter. Power generated increased at the plant to 1,789 million units, from 1,486 million units a year earlier.
Power generation at the company's plant in Ratnagiri, Maharashtra increased to 2,132 million units from
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