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January 14, 2012

Power Stocks update for the week closing on Friday…

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Shares of power utility players rallied on Friday after government data showed electricity generation went up by 14.6% in November 2011 from the same period the previous year.

This is against the 5.6% growth in October 2011. Jaiprakash Power spurted 11%. Reliance Power gained 7.7% while GVK Power rose 5%. Stateowned NHPC ended up 4% and NTPC jumped 3.11%.

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Power Trading Update – 13th January 2012

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Power Trading snapshots of two major exchanges  IEX (Indian Energy Exchange) and PXI (Power Exchange of India) for 13th January 2012. On IEX around 56801 Mn Units were sold as against demand of 77317 Mn Units. Similarly on PXI around 3556 Mn Units were sold as against demand of 8233 Mn Units. Detailed report of both the exchanges are depicted below:

 

 

Market Snapshot on IEX

Category Purchase Bid
(MWh)
Sell Bid
(MWh)
Unconstrained
MCV(MWh)
Constrained
MCV (MWh)
Unconstrained
MCP(Rs/MWh)
Total 77316.7 56801.4 44278.5 34853.6 -
Max 4159.9 3275.1 2411.1 1747.1 4515.08
Min 2633.5 1696.5 1435.6 1182.9 2989.9
Average 3221.5 2366.7 1844.9 1452.2 3685.22

 

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Market Snapshot on PXI

Category Purchase Bid
(MWh)
Sell Bid
(MWh)
Unconstrained
MCV(MWh)
Constrained
MCV (MWh)
Unconstrained
MCP(Rs/MWh)
Total 8233.1 3556.3 1855.5 730.3 --
Max 323.8 52.0 4.2 2.6 3430.0
Min 353.3 247.0 237.0 72.0 5990.0
Average 343.0 148.2 77.3 30.4 4264.6

Legends:

  • MCV : Market Clearance Volume
  • MCP: Market Clearance Price
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