KOCHI: The two-decade old stand-off between the state and the National Thermal Power Corporation over purchase of power from the 350MW Rajiv Gandhi Combined Cycle Power Plant in Kayamkulam is all set to end as the two have arrived on an amicable settlement. The agreement will be presented before the cabinet for approval shortly.
The KSEB had inked an agreement with the NTPC on January 6, 1995, to purchase power from the Kayamkulam plant. As the price of naphtha shot up, the project became unviable with the cost climbing to `12 per unit.
