THIRUVANANTHAPURAM: The Union government has provided additional grants of Rs 653.95 crore to the KSEB to tide over the losses in power distribution. The state had previously received Rs 2,235.78 crore from the Centre, but the power department felt it was inadequate. The Centre provides 60% of the loss amount as grants, while the state government provides the remaining 40%. When the Centre sanctioned Rs 2,235.78 crore earlier, Power Minister K Krishnankutty had informed the Union government that the amount was sanctioned before the power tariff was increased. On Thursday, we got the additional grant of Rs 653.95 crore taking the total to Rs 2,889.73 crore,” said Krishnankutty.

Source: Indian Express June 07, 2024 02:51 UTC