Kerala to purchase electricity at high rate through power exchange  

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Thiruvananthapuram: Kerala State Electricity Board chairman B Ashok informed the board’s decision to purchase electricity for Rs 50 crore to withdraw power restrictions.

The National Thermal Power Corporation had unofficially declared that the shortage of coal in the country may continue till October. The situation may worsen even more if the Russia- Ukraine war extends, as it would affect India’s import of coal. An extra expense of Rs 1 crore may be incurred.

The Central Regulatory Commission had limited the cost of electricity at Rs 12 per unit in the power exchange. However, KSEB had decided not to follow this regulations. KSEB is willing to purchase electricity even at Rs 20 per unit by expecting that the board can obtain power by offering better price through the power exchange.

Currently, there is shortage of 400 megawatts of power. The board had convened a meeting of industrial units and requested them to control the unnecessary use of power without affecting production. Through this, the board could save 45 MW of electricity on Friday.

KSEB chairman informed that the power restriction introduced in the rural regions may be partially extended on Saturday too. The power cut will be imposed on Monday also in the state. To avoid further power cut till May 31, the board will buy 250 MW through power exchange.

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