KSEB criticised for missing low-cost electricity procurement with SVJN

Thiruvananthapuram: The Kerala State Electricity Board (KSEB) has faced sharp criticism from the Regulatory Commission for failing to secure a cost-effective electricity deal with Himachal Pradesh-based Satluj Jal Vidyut Nigam Limited (SVJN), potentially spanning 25 years. This missed opportunity comes amidst public outcry over high consumer charges imposed by KSEB.

SVJN had issued tenders for 1,500 Megawatts of electricity on April 24, 2023, and inquired about KSEB's requirements in a letter dated December 11, 2023. However, KSEB delayed its response until March 2024, by which time other states had already finalised agreements with SVJN for hydroelectric power.

The Regulatory Commission has raised concerns over KSEB's decision to purchase only 166 Megawatts from SVJN, given the state's severe power shortage. This oversight represents a lost chance for Kerala to tap into green energy sources.

In a similar opportunity, the Solar Energy Corporation of India Limited (SECI) recently invited bids for 1,200 Megawatts of electricity in June and July, with a maximum price set at Rs 3.46 per unit.

The Regulatory Commission has mandated KSEB to provide a response to SECI's offer within one month.