At a time when ‘off-budget borrowings’ linked to the Kerala Infrastructure Investment Fund Board (KIIFB) have spurred friction in Centre-State fiscal relations, a new study has suggested that the KIIFB seriously consider avenues of revenue generation to shed the image “of a mere debt-generating State-owned enterprise”.
The study, ‘Exploring own sources of revenue for KIIFB’ published in the latest edition of the Kerala Economy journal brought out by the Gulati Institute of Finance and Taxation (GIFT), examines how the KIIFB can create a revenue source through solar power generation using the rooftop spaces of its building projects.
The specific model used in the study indicates a potential annual income of ₹82.5 crore. Roof-top solar power generation opens up income possibilities from carbon trading and sale of electricity to the grid, notes the study by Nirmal Roy V.P., Assistant Professor, GIFT, and Priyanka V., research scholar, Department of Economics, Kannur University.
