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Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Plant availability factor

Fundamental analysis
Also called: PAF

The share of time a power plant was ready to generate, whether or not it was asked to.

In plain terms

Regulated plants recover their full fixed charges only when availability meets the regulator’s normative level.

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Indian stock market glossary · Market Vidyalaya