Kerala electricity regulator may not clear purchase pact

The Kerala State Electricity Regulatory Commission (KSERC) is unlikely to grant permission to a subsidiary company of Reliance Energy Limited in Kochi for striking a 10-year power purchase agreement with the Kerala State Electricity Board Limited (KSEB).

Commission sources told The Hindu here that based on an application submitted by Bombay Suburban Electricity Supply Kerala Power Limited (BKPL), a subsidiary of Reliance Energy Limited, the commission had sought a clarification from the board chairman on October 14 about the consequences of striking the 10-year agreement. KSEB has already expressed its willingness to sign a two-year agreement, but the company was insistent on extending it to 10 years and moved the commission on October 5. The commission would take a final call only after weighing the pros and cons of the deal, sources said.

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