In a bid to offset the burden of power shortage during the thick of summer, Kerala State Electricity Board (KSEB) is planning to engage in power-banking agreements with power utilities and traders elsewhere in the country.
Through the power-banking option, power utilities and traders will park with one another excess power available with them during a particular period in a year and reclaim the same from the other when they face shortage of power later.
KSEB had engaged in such a practice on several occasions in the past, but it is the first time that the board has decided to opt for a competitive bidding process to choose its power-banking partners.
“It’s estimated that we would be facing a power shortage, ranging from 300 to 400MW, during the peak of the ensuing summer. Read More
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