Peak demand crisis: Kerala State Electricity Board to procure 300 MW for 25 years via Solar Energy Corporation of India
While supply is expected to begin only in 2028 and will not help to alleviate the present power crisis, it is expressly meant to address peak demand. Keralam also stands to get the electricity at a tariff of ₹6.07 per unit
The Kerala State Electricity Board (KSEB) is set to procure 300 megawatts (MW) of solar energy for 25 years, as part of a scheme by the Solar Energy Corporation of India (SECI). This procurement, under tranche IX of the Firm and Dispatchable Renewable Energy (FDRE-IX) scheme, aims to address peak demand, although it will not alleviate the current power crisis.
KSEB will receive the electricity at a tariff of ₹6.07 per unit, with an additional SECI trading margin of ₹0.07 per unit. The supply will be made from renewable energy projects with storage capability linked to the inter-state transmission system (ISTS). The SECI serves as the 'intermediary procurer', entering into power purchase agreements with solar power developers and subsequently entering into power supply agreements with entities like KSEB.
The KSEB management has sanctioned the procurement of 'assured four-hour peak power' for 25 years, and the draft power sale agreement will soon be submitted to the Kerala State Electricity Regulatory Commission for approval.
Written by urgent.news from The Hindu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
