The December quarter is expected to be encouraging for thermal power companies with gradual recovery in demand and higher electricity prices in the spot market. Analysts pointed out that the market scenario in Q3 should have provided some respite to coal-based power generating units, long mired by low capacity utilisation due to tepid rise in electricity demand and overcapacity.
Coal-based power plants generated 767 billion units (BUs) of electricity during April-December, which is 3.9 per cent higher than the year-ago. Since electricity cannot be stored, generation is the most robust indicator of demand. There has been a significant improvement in capacity utilisation of such plants as well. Plant load factor (PLF) in the April-December period was 63.8 per cent, which is more than four percentage points higher than the corresponding nine months of FY17. Read More…
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