Replacing its coal power contracts with renewable energy can save Kerala ₹9,000 crore over a five-year period, according to a study by think tank Climate Risk Horizons.
A report on the findings, released here on Friday, recommended that the State go in for a phased energy transition plan with the goal of phasing out coal power purchases by 2030 and making its grid coal-free.
By replacing its scheduled purchases of coal power from Central sector plants with new renewable energy at an average of ₹3 per unit, the State can save approximately ₹969 crore a year based on tariffs sought by the Kerala State Electricity Board (KSEB) for the 2022–2027 period.
