Kerala require to submit smart meter installation reports
POWER & RENEWABLE ENERGY

Kerala require to submit smart meter installation reports

Kerala is going to lose Rs 10475 crore given by the central government due to KSEB's incompetence. The Centre requested that the state modernise the power system. As a result, the process of installing 37 lakh smart metres in the state began. However, the approach has backfired, with KSEB falling short of meeting the numbers. The department will now raise electricity bills in order to make up for the Rs 2939 crore deficit. Union minister R K Singh has set a June 15 deadline for the state to report on the progress of installing smart metres.

R K Singh further requested that the state withdraw from the scheme if the contract for smart metres was not awarded by June 15. Smart metres are critical for tariff regulation and will help consumers receive affordable energy costs. Due to the delay in Kerala, the center's permitted subsidy of Rs 2000 crore would also be revoked. The administration should also reimburse the central government Rs 67 crore for not implementing this scheme. To reach this goal, the government intends to borrow from KIIFB while also devising a plan to raise tariffs in order to extract that money from the people.

The KSEB union was the driving force for the scheme's demise. The government could only use Rs 28 crore of the Rs 67 crore received. Previously, the KSEB director board supported a plan to install smart metres, but the tender process was halted by left-wing unions. The left wants the C-DAC to handle the smart metre installation.

See also:
Chakan MIDC's infrastructure being upgraded by the power utility


Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Kerala is going to lose Rs 10475 crore given by the central government due to KSEB's incompetence. The Centre requested that the state modernise the power system. As a result, the process of installing 37 lakh smart metres in the state began. However, the approach has backfired, with KSEB falling short of meeting the numbers. The department will now raise electricity bills in order to make up for the Rs 2939 crore deficit. Union minister R K Singh has set a June 15 deadline for the state to report on the progress of installing smart metres. R K Singh further requested that the state withdraw from the scheme if the contract for smart metres was not awarded by June 15. Smart metres are critical for tariff regulation and will help consumers receive affordable energy costs. Due to the delay in Kerala, the center's permitted subsidy of Rs 2000 crore would also be revoked. The administration should also reimburse the central government Rs 67 crore for not implementing this scheme. To reach this goal, the government intends to borrow from KIIFB while also devising a plan to raise tariffs in order to extract that money from the people. The KSEB union was the driving force for the scheme's demise. The government could only use Rs 28 crore of the Rs 67 crore received. Previously, the KSEB director board supported a plan to install smart metres, but the tender process was halted by left-wing unions. The left wants the C-DAC to handle the smart metre installation. See also: Chakan MIDC's infrastructure being upgraded by the power utility

Next Story
Resources

IGBC Launches 32nd Chapter in Ranchi to Drive Green Building Growth

The CII Indian Green Building Council (IGBC) has launched its 32nd Chapter in Ranchi to accelerate Jharkhand’s transition towards sustainable and resilient urban infrastructure. The launch event, held on September 6 at Radisson Blu Hotel, brought together government officials, industry leaders, and sustainability experts. Sunil Kumar, IAS, Principal Secretary, Urban Development & Housing Department, Government of Jharkhand, said, “The launch of the IGBC Ranchi Chapter marks a significant step in Jharkhand’s urban development journey. The state is committed to creating a policy e..

Next Story
Real Estate

Mindspace REIT Marks Five Years With 14.8 Per Cent Annualised Returns

Mindspace Business Parks REIT, owner and developer of a Grade-A office portfolio, has completed five years since its listing on the Indian bourses in August 2020. Despite debuting during the global pandemic, the REIT has delivered 14.8 per cent annualised total returns, expanded its portfolio, and reinforced occupier trust. Key achievements over five years include: Portfolio expansion of 30 per cent to 31.0 msf through acquisitions and new developments. Gross leasing of 25.2 msf, with occupancy sustained at 93.7 per cent. Cumulative distribution of Rs 55.9 billion to unitho..

Next Story
Real Estate

Great Value Realty Secures RERA Nod for Ultra-Luxury Ekanam Project

Great Value Realty, one of North India’s most trusted developers, has received RERA approval for its flagship ultra-luxury residential project, Ekanam (RERA No. UPRERAPRJ15109/2019). The announcement was made during the Great Partners Meet at Noida. Built on the only available land parcel in Sector 107, Noida, Ekanam embodies the company’s philosophy, “Great is the New Norm,” promising excellence in design, quality, and sustainable community living. With seamless connectivity to Noida Expressway, DND Flyway, metro stations, and proximity to the upcoming Jewar Airport, the project ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?