Power generation declines 13 per cent in October

Electricity generation, as well as trading of power in the exchanges, have dipped in October, reflecting weakness in the Indian economy.

According to a report by brokerage house Motilal Oswal, conventional electricity generation declined 13 per cent on a year-on-year in the month of October. Demand from the western region was significantly down 20 per cent and from the south too mirrored a similar trend with a reduced generation of 14 per cent YoY.

Coal, the essential ingredient used in generating electricity, in October 2019, decreased 19 per cent on a YoY basis. However, nuclear and hydro generation increased by 32 per cent and 22 per cent.