CAG audit criticises KSEB

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By Categorical Information Service

THIRUVANANTHAPURAM: The CAG report additionally has criticism in opposition to the KSEB. The loss incurred by PSUs within the energy sector was Rs 1,853.80 crore in 2018-19 in opposition to revenue of Rs 144.95 crore in 2014-15.

In keeping with the newest finalised accounts, Kerala State Energy and Infrastructure Finance Company and KINESCO Energy and Utilities Non-public Ltd earned revenue of Rs 5.97 crore and Rs 0.65 crore respectively whereas Kerala State Electrical energy Board incurred substantial lack of Rs 1,860.42 crore.

Failure of KSEB to stick to hydro era coverage and step up energy era from hydro-electric tasks to fulfill further demand throughout peak hours of summer time led to buy of 86.40 MU of energy incurring Rs 25.31 crore.


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