A beleaguered Kerala State Electricity Board (KSEB) has sought the Kerala State Electricity Regulatory Commission’s nod to continue buying power from three generation companies under ‘‘unapproved’‘ purchase contracts to fend off a power crisis.
Citing ‘‘severe financial crisis”, the KSEB approached the commission for permission to procure power under four Design, Build, Finance, Own and Operate (DBFOO) contracts with Jhabua Power Ltd, Jindal India Thermal Power Ltd., and Jindal Power Ltd. till alternative supply arrangements are in place.
The KSEB indicates that, minus the supply from the DBFOO contracts, Kerala could face a shortage of ‘‘around 500 to 1500 MW’‘ between August 2023 and May 2024.