As we discussed in our most recent Weekly Dry Bulk Report, India produced only 109.6 billion kilowatt hours of electricity last month which is down month-on-month by 10.4 billion kilowatt hours (-9%) and down year-on-year by 1.2 billion kilowatt hours (-1%). The weakness has come as a surprise. Electricity production had previously grown on a year-on-year basis for seven straight months.
India’s coal-derived electricity generation totaled 88.1 billion kilowatt hours last month. This has marked a month-on-month decline of 5.2 billion kilowatt hours (-6%) and is down year-on-year by 1.7 billion kilowatt hours (-2%). Coal derived-electricity generation had previously increased on a year-on-year basis during six of the prior seven months.
India’s hydropower output totaled approximately 16.3 billion kilowatt hours last month. This has marked a month-on-month decline of 5.7 billion kilowatt hours (-26%) but is up year-on-year by 3.2 billion kilowatt hours (24%). It is very normal for hydropower output to decline by a large amount on a month-on-month basis in October. India's hydropower output has now grown on a year-on-year basis during ten of the last twelve months.
