The Financial Derivatives Company (FDC) has predicted increased power supply in the country on account of the impending rainy season which would jerk up the water level at the hydro power plants in the country.
In its report, the company said the development would t would boost generation during the period.
According to projections by the Financial Derivatives Company (FDC), gas shortages could, however, constrain increased supply as gas fired thermal power plants account for approximately 70 percent of total power generation.
“The rainy season has commenced and we expect water constraints to decline significantly and a gradual pickup in hydropower. This is expected to boost power output in the coming weeks.
“However, gas shortages will remain the principal challenge as gas fired thermal power plants account for approximately 70 percent of total power generation,” the research and financial advisory firm stated.
It noted that with water constraints falling, an increase in hydropower generation would increase available power supply and reduce the demand for alternative energy like diesel or fuel-powered generators.
