THIRUVANANTHAPURAM: In a major relief for consumers, the Kerala State Electricity Regulatory Commission (KSERC) on Friday authorised the Kerala State Electricity Board to revive power purchases under the four revoked long-term agreements.
The agreements, signed in 2014, were cancelled by the commission in May this year. The latest order came on a review petition filed by the board. The 25-year, 465MW power supply agreements (PSAs) with Jhabua Power Ltd, Jindal Power Ltd and Jindal India Thermal Power Ltd are design, build, finance, own and operate (DBFOO) contracts. The commission cancelled them citing violations, including lack of prior approval and deviation from guidelines issued by the central power ministry. Though the order was issued in May, the commission allowed the board to continue buying power till August 21.
