Regulatory Commission asks KSEB to adopt cost-cutting measures

1 min read
Read later

Photo: AP

Thiruvananthapuram: The State Electricity Regulatory Commission (SERC) said that KSEB had earned an operating profit of Rs 70 crore in the FY 2020-21. However, SERC chairman Preman Dinraj asked KSEB to consider implementing cost-cutting measures to improve profit.

According to the CAG audit, KSEB is still in loss. However, the board implemented cost-cutting measures during recent years. The results are visible, said ERC Chairman.

Although KSEB is allowed to buy electricity from outside upto Rs 4 per unit, it has been able to buy for Rs 1.50 and Rs 2. Some of the agreements are entered for a period of 15 to 25 years and the board has to pay more to purchase electricity. The Commission has recommended that these long-term contracts should not be renewed when they expire.

Add Comment
Related Topics

Get daily updates from

Disclaimer: Kindly avoid objectionable, derogatory, unlawful and lewd comments, while responding to reports. Such comments are punishable under cyber laws. Please keep away from personal attacks. The opinions expressed here are the personal opinions of readers and not that of Mathrubhumi.