Kerala State Electricity Board Agrees to 25-Year Solar Power Deal to Mitigate Peak Demand
Quick Brief
The Kerala State Electricity Board has finalized an agreement to procure 300 megawatts of power via the Solar Energy Corporation of India. Although intended to tackle future peak demand challenges, the supply will not commence until 2028. Under the agreement, the state will secure the electricity at a tariff of ₹6.07 per unit.
What Happened?
The Kerala State Electricity Board has entered into an arrangement to acquire 300 MW of electricity over a 25-year duration, facilitated by the Solar Energy Corporation of India. The agreed-upon tariff is ₹6.07 per unit. While structured specifically to address peak demand, deliveries are scheduled to begin in 2028 and will not immediately resolve ongoing power shortages.
Why It Matters
The long-term procurement strategy is designed to help the region manage future peak energy demands, locking in a specific tariff rate for a quarter of a century despite a current power crisis that requires separate mitigation.
Key Facts
- The Kerala State Electricity Board is procuring 300 MW of power.
- The supply is arranged through the Solar Energy Corporation of India.
- The agreement spans a duration of 25 years.
- The tariff is set at ₹6.07 per unit.
- Power deliveries are slated to begin in 2028 and will not resolve the immediate power crisis.
Compiled from 1 outlet
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