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Monday, 05 December 16
INDIAN HYDROPOWER PRODUCTION AT LOWEST LEVEL SINCE 2012, SAYS COMMODORE RESEARCH
Commodore LogoAccording to Commodore Research, the first eleven months of this year have seen India’s overall electricity production total approximately 1.05 trillion kilowatt hours.  This is 60 billion kilowatt hours (6%) more than was produced in the first eleven months of last year.   To Commodore, it has remained encouraging that India’s electricity production growth this year has been exceeding 2015’s growth.

2015 saw India’s electricity production grow by only 4%, which marked the lowest growth seen this decade and was a sharp drop from the 10% growth seen in 2014.  Also encouraging to Commodore recently has been that India’s coal-derived electricity production has been finding even more support than overall electricity production, as hydropower production has been weak.

Through the first eleven months of this year, Indian coal-derived electricity production has totaled approximately 899 billion kilowatt-hours.  This is 8% more than was produced in the first eleven months of last year.  In comparison, 2015 saw India's coal-derived electricity production grow year-on-year by only 5%, which marked the second lowest growth seen this decade according to Commodore.  In addition, through the first eleven months of this year, Indian hydropower production has totaled approximately 114 billion kilowatt hours, which is 2% less than was produced in the first eleven months of 2015.  This hydropower production total is also a lower production total than was seen during the first eleven months of 2014 and 2013.

It has remained advantageous to the dry bulk shipping market and coal market that Indian hydropower production this year has been coming in at the lowest level seen since 2012.  Lower than normal rainfall has been putting pressure on hydropower production.  Going forward, Commodore continues to anticipates that India will be deriving a larger amount of its electricity from coal-derived generation.  This will remain a positive issue for the dry bulk shipping market and coal market.  It addition, it remains very positive that India's overall electricity production has rebounded from last year's decade-low growth level. 


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