Pakistan’s power generation falls 19% MoM in November 2025

Pakistan’s power generation sector recorded a total output of 8,050 GWh in November 2025, 19% lower MoM, according to data compiled by Arif Habib Limited.

The sector achieved a remarkable 15% reduction in average fuel costs YoY, which signaled improved efficiency in the country’s evolving energy mix.

Nuclear generation surged 23% YoY to reach 2,031 GWh in November, captured a 25.2% of the total generation mix compared to 20.6% in the same period last year.

For the fiscal year-to-date (5MFY26), nuclear power has generated 9,996 GWh, up 13% compared to 8,871 GWh in 5MFY25, now accounting for 17% of total generation.

Hydroelectric power generated 3,153 GWh in November 2025, up 10% from 2,860 GWh in November 2024. Hydel’s share of the generation mix rose to 39.2% from 35.6% YoY, this marks a strong recovery from October’s seasonal constraints.

Year-to-date generation stands at 21,826 GWh, up marginally by 1% compared to 21,588 GWh in the same period last year.

Re-gasified Liquefied Natural Gas (RLNG) plants experienced a sharp 23% YoY decline in November, generating 696 GWh compared to 907 GWh last year.

The RLNG share in the generation mix decreased to 8.6% from 11.3%. Cumulatively for 5MFY26, RLNG generation reached 9,078 GWh, down 9% from 10,025 GWh in 5MFY25.

Natural gas-fired plants generated 680 GWh in November, down 21% YoY from 858 GWh, with gas’s share falling to 8.4% from 10.7%.

Local coal-fired plants generated 752 GWh in November, down 26% YoY, while imported coal plants produced 407 GWh, declining 15%.

Combined, coal’s share in the generation mix stands at 14.4%, down from 18.6% in November 2024. Year-to-date, local coal generation reached 6,160 GWh (down 7%) while imported coal stood at 4,170 GWh (down 4%).

Solar power generation jumped 25% YoY to 86 GWh in November, maintaining a 1.1% share of total generation. Year-to-date solar output reached 499 GWh, up 4% from 481 GWh.

Wind power showed strong performance with 136 GWh generated in November, up 39% YoY from 98 GWh. Wind’s share increased to 1.7% from 1.2%. Cumulative wind generation for 5MFY26 reached 1,767 GWh, up 16% from 1,526 GWh last year.

Average fuel costs fell 15% YoY to Rs6.22/kWh in November from Rs7.28/kWh last year, a significant achievement for the power sector. Month-on-month, costs declined 27% from October’s Rs8.51/kWh.