Thermal plants owned by the states saw their PLF levels fall 3.9 percentage points y-o-y to 56.9% in the same period.
Electricity produced by thermal power plants in February 2019 recorded a drop of 1.9% year-on-year (y-o-y), consequentially pushing utilisation levels of these generating stations down. Coal- and gas-based power plants across the country produced 81.2 billion units (BU) of electricity in February, making it the second straight month when electricity generated from these sources was lower than the corresponding period last year. The plant load factor (PLF) of thermal power plants across sectors fell 1.8 percentage points in February to 60.5%.
Utilisation levels of private thermal power generators — already distressed due to lack of adequate demand and coal supply issues — remained unchanged y-o-y at a meagre 52.7% in February, keeping their debt-servicing capabilities suppressed.
Thermal plants owned by the states saw their PLF levels fall 3.9 percentage points y-o-y to 56.9% in the same period. Central government-owned plants’ average PLF dropped 1.4 percentage points to 74.7%.
The major private power plants which recorded a significant decline in PLF levels in February are CESC’s Haldia and Dhariwal units, Lanco Infratech’s Amarkantak and Anpara stations, Adani Power’s Udupi station, GMR’s Kamalanga plant, Tata Power’s unit in Mundra and Essar Power’s Mahan station.
Thermal, nuclear and hydro power plants altogether produced 91.2 BU in February, 0.8% lower than the same month last fiscal.
Overall, electricity requirement of the states had recorded a tepid growth of 1.5% y-o-y in January 2019. Power supplied to Uttar Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh and Telangana had in fact fallen y-o-y in January.