The Kerala State Electricity Board Limited (KSEBL) has pegged its annual plan outlay for the 2015-16 fiscal at Rs 1353 crore, which includes a proposed expenditure of Rs 710 crore on sprucing up the state's power distribution network.
An October 9 director board meeting of the state-owned power company approved the budget estimate for 2015-16 and the revised estimate for the current fiscal which has been slashed down to Rs 1129.20 crore from the previously announced Rs 1300 crore.
Under the capital outlay for 2015-16, Rs 385.65 crore will be spent on the power generation front, Rs 240 crore on the transmission sector and Rs 710 crore for distribution. A sum of Rs 17.35 crore will be spent on other works. Added focus will be laid on distribution in 2015-16 with the Centre for Management Development (CMD), Thiruvananthapuram, recommending that focus should be laid on improvement of the reliability and safety of the distribution system. The KSEBL had consulted the CMD on the preparation of the annual plan. ''Funds available with the local self-governments and people's representatives for infrastructure can be channeled towards the same,'' read a KSEBL order dated October 13. In power generation and transmission, the focus will be on completing the ongoing schemes rather than on starting new ones.
In view of the Planning Board observation that the power sector is of utmost importance to the state, the KSEBL is also preparing to ask the government for adequate support in the state budget for KSEBL projects. On the other hand, KSEBL has been struggling to meet the annual plan estimates for 2014-15, the current financial yr. The budget estimate of '1300 crore has been slashed to '1129.20 cr. The distribution wing has chiefly taken the blow with the estimate slashed from '700 crore to '550 cr.