The State government has authorised the release of ₹ 767.71 crore to the Kerala State Electricity Board (KSEB) as part of taking over 75% of its losses.
In December 2023, the State government issued orders for the take-over of 75% of the loss incurred by the KSEB in the 2022-23 fiscal. Kerala had to meet this condition tied to Power Sector reforms to avail an additional borrowing space amounting to 0.50% of the Gross State Domestic Product (GSDP).
Although the order was issued in December, the money had not been released to the KSEB so far.
