The Kerala State Electricity Board (KSEB) has informed the State Government that it was plunging into a deep financial crisis on account of having to purchase high-cost power to guarantee uninterrupted power supply.
At a high-level meeting called by Electricity Minister K. Krishnankutty on Wednesday to review the power situation, the State-run utility sought the government’s urgent intervention to overcome the crisis.
The meeting, attended by top officials of the KSEB, including Chairman and Managing Director Rajan N. Khobragade, decided to review the power situation again on August 21. The KSEB has been asked to present a report at the meeting on options available to the State for managing the supply without imposing restrictions.
