Sharp criticism was in store for the Kerala State Electricity Board (KSEB) on Monday with the State Electricity Regulatory Commission (SERC) blaming it for inviting heavy financial burden through poor power purchase strategies.
The criticism came at a public hearing on a petition filed by the KSEB to impose power restrictions in the state.
The power utility was forced to purchase power from the short term market at a high cost to overcome the power crisis because its medium term purchase plans were not planned well, the Commission observed.
The demand for power restrictions is being made just months after hiking the power tariff which upped the revenue of the KSEB by 30 per cent. In such a situation, the Commission would have to examine the accounts of the KSEB, Commission members Mathew George and P Parameswaran observed.
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