Power generation in Pakistan increased by over 7% year-on-year (YoY) in October 2024, reaching 10,262 GWh (13,793 MW), compared to 9,572 GWh in October 2023. However, on a monthly basis, generation saw a 17.8% decline from September’s 12,487 GWh.
For the first four months of FY25 (July-October), power generation dropped by 5% YoY to 50,808 GWh, reflecting the impact of sluggish economic activity and rising energy costs.
Key Highlights:
- The cost of power generation surged by 10% to Rs9.06/KWh in October 2024, compared to Rs8.26/KWh in October 2023.
- Imported coal generation costs soared by 27% to Rs16.91/KWh, contributing to the increased cost.
- A significant decline in nuclear power generation (-21% YoY), a cheaper source, further escalated costs.
- Hydel remained the top power source, contributing 31.1% of the generation mix, followed by RLNG (19.5%) and local coal (14.8%).
The shift to alternative energy, particularly solar, continues to challenge the national grid as more consumers adopt independent renewable energy solutions. Experts also noted that for the first time in 13 months, actual generation exceeded the reference generation by 0.7%.
While renewable energy sources like wind, solar, and bagasse remain minor contributors, accounting for 1.9%, 1%, and 0.5% of the energy mix, their role is slowly growing as part of the country’s evolving energy landscape.
